Principal Financial Group Inc. Lowers Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Principal Financial Group Inc. cut its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 30.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,178 shares of the basic materials company’s stock after selling 15,959 shares during the period. Principal Financial Group Inc.’s holdings in Uranium Energy were worth $231,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vontobel Holding Ltd. grew its holdings in Uranium Energy by 3.9% in the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after buying an additional 1,461 shares in the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Uranium Energy by 4.4% in the third quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 1,560 shares during the period. National Bank of Canada FI increased its stake in shares of Uranium Energy by 29.7% during the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after buying an additional 1,713 shares during the period. Choreo LLC lifted its position in shares of Uranium Energy by 11.0% during the 2nd quarter. Choreo LLC now owns 24,505 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 2,420 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Uranium Energy by 12.7% during the 3rd quarter. Franklin Resources Inc. now owns 22,245 shares of the basic materials company’s stock worth $138,000 after acquiring an additional 2,505 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

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

Uranium Energy Price Performance

Uranium Energy stock opened at $7.66 on Tuesday. The firm has a fifty day simple moving average of $6.61. Uranium Energy Corp. has a 52 week low of $4.06 and a 52 week high of $8.93. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of -63.83 and a beta of 1.84.

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.