Uranium Energy Corp. (NYSEAMERICAN:UEC) Stock Position Reduced by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 34.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,169 shares of the basic materials company’s stock after selling 6,873 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Uranium Energy were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in 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 acquiring an additional 423,233 shares during the period. Vanguard Group Inc. grew its holdings in shares of Uranium Energy by 2.5% during 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 purchasing an additional 631,929 shares during the last quarter. JPMorgan Chase & Co. raised its position 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 purchasing an additional 4,982,949 shares during the period. Norges Bank bought a new stake in shares of Uranium Energy in the 4th quarter worth approximately $100,773,000. Finally, Driehaus Capital Management LLC boosted its position 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 period. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $8.03 on Friday. The company has a market capitalization of $3.57 billion, a PE ratio of -47.23 and a beta of 1.42. The stock has a fifty day moving average of $6.35 and a 200-day moving average of $6.33. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93.

Wall Street Analysts Forecast Growth

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

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.