Deutsche Bank AG Sells 930,694 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Deutsche Bank AG trimmed its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 72.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 354,794 shares of the basic materials company’s stock after selling 930,694 shares during the period. Deutsche Bank AG owned approximately 0.08% of Uranium Energy worth $2,374,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Uranium Energy by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock worth $173,017,000 after acquiring an additional 631,929 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Uranium Energy by 45.9% during the 4th quarter. JPMorgan Chase & Co. now owns 15,842,713 shares of the basic materials company’s stock worth $105,988,000 after acquiring an additional 4,982,949 shares during the period. Norges Bank bought a new position in shares of Uranium Energy during the 4th quarter worth about $100,773,000. Driehaus Capital Management LLC lifted its holdings in Uranium Energy by 52.2% during the 4th quarter. Driehaus Capital Management LLC now owns 9,499,842 shares of the basic materials company’s stock valued at $63,554,000 after purchasing an additional 3,259,704 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in Uranium Energy by 239.4% during the 4th quarter. Ameriprise Financial Inc. now owns 6,731,148 shares of the basic materials company’s stock valued at $45,036,000 after purchasing an additional 4,748,138 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Price Performance

Uranium Energy stock opened at $5.16 on Friday. The company’s 50 day simple moving average is $5.07 and its 200 day simple moving average is $6.42. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $8.93. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -43.00 and a beta of 1.88.

Analyst Ratings Changes

Several brokerages recently issued reports on UEC. HC Wainwright reissued a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a report on Thursday, March 13th. National Bank Financial began coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company. Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. Four equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Uranium Energy has a consensus rating of “Buy” and a consensus price target of $10.60.

Uranium Energy Company Profile

Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.