Harbor Capital Advisors Inc. Makes New $1.13 Million Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Harbor Capital Advisors Inc. purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 169,159 shares of the basic materials company’s stock, valued at approximately $1,132,000.

Several other hedge funds and other institutional investors have also made changes to their positions in UEC. Strategic Investment Solutions Inc. IL purchased a new position in Uranium Energy in the second quarter valued at $26,000. GAMMA Investing LLC boosted its position in shares of Uranium Energy by 180.1% during the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 2,789 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 4,720 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in shares of Uranium Energy during the 3rd quarter worth about $33,000. Finally, BNP Paribas purchased a new stake in Uranium Energy during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $7.03 on Monday. The company has a 50 day moving average price of $6.63. The firm has a market capitalization of $2.97 billion, a P/E ratio of -58.58 and a beta of 1.84. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. HC Wainwright increased their price target 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. Roth Mkm reiterated a “buy” rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

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.