Cresset Asset Management LLC Boosts Position in Uranium Energy Corp. $UEC

Cresset Asset Management LLC increased its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 101.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,444 shares of the basic materials company’s stock after acquiring an additional 94,891 shares during the quarter. Cresset Asset Management LLC’s holdings in Uranium Energy were worth $1,281,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in Uranium Energy by 21.9% in the 2nd quarter. First Trust Advisors LP now owns 16,781 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 3,011 shares during the last quarter. Invesco Ltd. raised its position in shares of Uranium Energy by 89.8% during the 2nd quarter. Invesco Ltd. now owns 846,689 shares of the basic materials company’s stock valued at $5,757,000 after buying an additional 400,591 shares during the period. New York State Common Retirement Fund raised its position in shares of Uranium Energy by 76.2% during the 2nd quarter. New York State Common Retirement Fund now owns 192,319 shares of the basic materials company’s stock valued at $1,308,000 after buying an additional 83,170 shares during the period. Norges Bank acquired a new position in Uranium Energy in the second quarter valued at approximately $105,058,000. Finally, Hsbc Holdings PLC purchased a new position in Uranium Energy in the second quarter worth approximately $281,000. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Stifel Nicolaus began coverage on Uranium Energy in a research report on Monday, October 6th. They issued a “buy” rating and a $10.50 target price on the stock. Roth Capital boosted their price objective on shares of Uranium Energy from $11.50 to $16.00 and gave the company a “buy” rating in a report on Wednesday, September 24th. Canaccord Genuity Group set a $17.50 target price on shares of Uranium Energy and gave the company a “buy” rating in a research report on Wednesday, September 24th. TD Securities increased their target price on shares of Uranium Energy from $8.00 to $13.00 and gave the stock a “buy” rating in a research note on Friday, August 15th. Finally, The Goldman Sachs Group boosted their price target on shares of Uranium Energy from $13.00 to $17.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $14.19.

Uranium Energy Stock Performance

NYSEAMERICAN UEC opened at $13.96 on Wednesday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of -82.11 and a beta of 1.35. The firm has a 50 day simple moving average of $13.33 and a 200-day simple moving average of $10.50. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $17.80.

About Uranium Energy

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.