BNP Paribas Financial Markets Trims Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

BNP Paribas Financial Markets lessened its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,065 shares of the basic materials company’s stock after selling 149,778 shares during the period. BNP Paribas Financial Markets’ holdings in Uranium Energy were worth $382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Uranium Energy by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock valued at $173,017,000 after buying an additional 631,929 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Uranium Energy by 45.9% in 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 in the last quarter. Norges Bank bought a new stake in shares of Uranium Energy in the 4th quarter valued at approximately $100,773,000. Ameriprise Financial Inc. raised its position in shares of 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 acquiring an additional 4,748,138 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Uranium Energy by 33.2% during the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after acquiring an additional 1,645,919 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 25.0%

Shares of NYSEAMERICAN:UEC opened at $6.45 on Monday. The company’s 50-day moving average price is $5.09 and its 200 day moving average price is $6.42. The company 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 fifty-two week low of $3.85 and a fifty-two week high of $8.93.

Analyst Ratings Changes

Several research firms have recently commented on UEC. National Bank Financial assumed coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They issued 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. HC Wainwright reaffirmed a “buy” rating and set a $12.25 target price on shares of Uranium Energy in a report on Thursday, March 13th. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Stifel Nicolaus set a $10.50 price target on Uranium Energy in a report on Wednesday, March 12th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.