DAVENPORT & Co LLC Acquires Shares of 21,000 Uranium Energy Corp. (NYSEAMERICAN:UEC)

DAVENPORT & Co LLC acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, HoldingsChannel reports. The fund acquired 21,000 shares of the basic materials company’s stock, valued at approximately $140,000.

A number of other hedge funds have also recently bought and sold shares of the business. Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in Uranium Energy by 21.1% during the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after buying an additional 1,370 shares during the last quarter. Vontobel Holding Ltd. lifted its holdings in Uranium Energy by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock worth $239,000 after buying an additional 1,461 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Uranium Energy by 4.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 36,773 shares of the basic materials company’s stock worth $228,000 after buying an additional 1,560 shares during the last quarter. National Bank of Canada FI lifted its holdings in Uranium Energy by 29.7% during the 3rd 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 last quarter. Finally, Ballentine Partners LLC lifted its holdings in Uranium Energy by 11.7% during the 4th quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company’s stock worth $115,000 after buying an additional 1,795 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Up 2.4 %

Shares of NYSEAMERICAN UEC opened at $6.95 on Monday. The company has a market cap of $2.94 billion, a P/E ratio of -57.92 and a beta of 1.88. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93. The business has a 50 day moving average of $6.64.

Analyst Ratings Changes

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

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.