Teacher Retirement System of Texas Makes New $295,000 Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Teacher Retirement System of Texas purchased a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 61,743 shares of the basic materials company’s stock, valued at approximately $295,000.

A number of other large investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Uranium Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,230,344 shares of the basic materials company’s stock worth $195,551,000 after purchasing an additional 423,233 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Uranium Energy by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 25,862,079 shares of the basic materials company’s stock valued at $173,017,000 after acquiring an additional 631,929 shares during the period. JPMorgan Chase & Co. increased 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 valued at $105,988,000 after acquiring an additional 4,982,949 shares during the period. Norges Bank acquired a new position in shares of Uranium Energy in the 4th quarter valued at $100,773,000. Finally, Driehaus Capital Management LLC increased its position in shares of Uranium Energy by 52.2% in 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 acquiring an additional 3,259,704 shares during the period. 62.28% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets started coverage on Uranium Energy in a research report on Tuesday, June 3rd. They issued an “outperform” rating and a $7.75 target price on the stock. Five analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Uranium Energy has a consensus rating of “Buy” and a consensus price target of $10.13.

Uranium Energy Stock Down 1.6%

UEC stock opened at $8.03 on Friday. The company’s 50-day simple moving average is $6.35 and its 200-day simple moving average is $6.33. Uranium Energy Corp. has a 52-week low of $3.85 and a 52-week high of $8.93. The firm has a market cap of $3.57 billion, a P/E ratio of -47.23 and a beta of 1.42.

Uranium Energy 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.