Bank of America Corp DE Sells 1,016,131 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Bank of America Corp DE decreased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 41.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,462,914 shares of the basic materials company’s stock after selling 1,016,131 shares during the period. Bank of America Corp DE owned about 0.35% of Uranium Energy worth $9,787,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of UEC. Stonehage Fleming Financial Services Holdings Ltd boosted its stake in shares of Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after buying an additional 1,370 shares during the last quarter. US Bancorp DE boosted its stake in shares of Uranium Energy by 7.7% in the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock worth $149,000 after buying an additional 1,600 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Uranium Energy by 1.4% in the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock worth $799,000 after buying an additional 1,692 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Uranium Energy by 9.7% in the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock worth $130,000 after buying an additional 1,710 shares during the last quarter. Finally, Ballentine Partners LLC lifted its position in Uranium Energy by 11.7% during the fourth quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 1,795 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 25.0%

NYSEAMERICAN:UEC opened at $6.45 on Friday. The business’s 50-day simple moving average is $5.09 and its two-hundred day simple moving average is $6.42. The stock has a market cap of $2.73 billion, a PE ratio of -53.75 and a beta of 1.88. Uranium Energy Corp. has a 52 week low of $3.85 and a 52 week high of $8.93.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UEC shares. Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. HC Wainwright reiterated a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a research report on Thursday, March 13th. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 target price on Uranium Energy in a research report on Wednesday, March 12th. Finally, National Bank Financial started coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price on the stock. Four analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price 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.