Zurcher Kantonalbank Zurich Cantonalbank Sells 2,802 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Zurcher Kantonalbank Zurich Cantonalbank cut its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 1.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,694 shares of the basic materials company’s stock after selling 2,802 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Uranium Energy were worth $765,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. General American Investors Co. Inc. acquired a new stake in Uranium Energy during the first quarter valued at approximately $5,296,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Uranium Energy by 101.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,196 shares of the basic materials company’s stock worth $111,000 after buying an additional 11,688 shares during the period. Victory Capital Management Inc. lifted its position in shares of Uranium Energy by 120.0% during the 1st quarter. Victory Capital Management Inc. now owns 5,930,920 shares of the basic materials company’s stock worth $28,350,000 after buying an additional 3,235,394 shares during the period. Ameriprise Financial Inc. boosted its stake in Uranium Energy by 239.4% in 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 buying an additional 4,748,138 shares in the last quarter. Finally, Arizona State Retirement System grew its position in 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 acquiring an additional 1,962 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Uranium Energy Stock Performance

UEC opened at $9.50 on Wednesday. The firm’s fifty day moving average is $7.09 and its two-hundred day moving average is $6.30. The firm has a market cap of $4.22 billion, a PE ratio of -55.88 and a beta of 1.44. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $9.58.

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.