Confluence Investment Management LLC Has $564,000 Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Confluence Investment Management LLC raised its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,333 shares of the basic materials company’s stock after acquiring an additional 2,081 shares during the period. Confluence Investment Management LLC’s holdings in Uranium Energy were worth $564,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UEC. Bank of New York Mellon Corp lifted its holdings in Uranium Energy by 38.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,810,384 shares of the basic materials company’s stock worth $10,880,000 after buying an additional 501,291 shares during the period. Principal Financial Group Inc. grew its position in shares of Uranium Energy by 20.8% during the 2nd quarter. Principal Financial Group Inc. now owns 53,137 shares of the basic materials company’s stock valued at $319,000 after purchasing an additional 9,133 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Uranium Energy by 16.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 67,704 shares of the basic materials company’s stock worth $407,000 after acquiring an additional 9,787 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Uranium Energy by 33.8% during the 2nd quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock valued at $21,103,000 after purchasing an additional 886,445 shares in the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Uranium Energy by 10.3% during the second quarter. Arizona State Retirement System now owns 113,141 shares of the basic materials company’s stock valued at $680,000 after acquiring an additional 10,541 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Roth Mkm reaffirmed a “buy” rating and set a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright upped their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $7.62 on Friday. The firm has a market cap of $3.22 billion, a PE ratio of -63.50 and a beta of 1.84. Uranium Energy Corp. has a 1-year low of $4.06 and a 1-year high of $8.93. The stock’s fifty day simple moving average is $6.61.

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.