New York State Common Retirement Fund Reduces Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

New York State Common Retirement Fund lessened its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 109,149 shares of the basic materials company’s stock after selling 14,400 shares during the quarter. New York State Common Retirement Fund’s holdings in Uranium Energy were worth $522,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in UEC. Sei Investments Co. raised its holdings in shares of Uranium Energy by 9.7% during the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 1,710 shares during the last quarter. Arizona State Retirement System increased its holdings in shares of Uranium Energy by 1.6% in the first quarter. Arizona State Retirement System now owns 121,359 shares of the basic materials company’s stock valued at $580,000 after purchasing an additional 1,962 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Uranium Energy by 43.5% in the first quarter. Farther Finance Advisors LLC now owns 7,801 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 2,364 shares during the last quarter. Xponance Inc. increased its holdings in shares of Uranium Energy by 7.7% in the first quarter. Xponance Inc. now owns 33,240 shares of the basic materials company’s stock valued at $159,000 after purchasing an additional 2,385 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its holdings in shares of Uranium Energy by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,733 shares of the basic materials company’s stock valued at $279,000 after purchasing an additional 2,570 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 1.6%

Shares of Uranium Energy stock opened at $8.91 on Friday. The firm has a market cap of $3.96 billion, a PE ratio of -52.41 and a beta of 1.42. The business’s fifty day moving average is $6.65 and its two-hundred day moving average is $6.31. Uranium Energy Corp. has a fifty-two week low of $3.85 and a fifty-two week high of $9.09.

Analysts Set New Price Targets

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