PNC Financial Services Group Inc. Has $218,000 Stake in Uranium Energy Corp. (NYSEAMERICAN:UEC)

PNC Financial Services Group Inc. boosted its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 258.3% during the 4th quarter, HoldingsChannel reports. The firm owned 32,572 shares of the basic materials company’s stock after buying an additional 23,481 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Uranium Energy were worth $218,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 2,789 shares during the period. BNP Paribas purchased a new position in Uranium Energy during the third quarter valued at approximately $38,000. National Bank of Canada FI increased its stake in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock valued at $46,000 after buying an additional 1,713 shares during the period. Stonehage Fleming Financial Services Holdings Ltd lifted its position in Uranium Energy by 21.1% in 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 in the last quarter. Finally, Total Wealth Planning LLC purchased a new stake in Uranium Energy in the 4th quarter worth approximately $67,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Trading Down 1.6 %

Shares of NYSEAMERICAN:UEC opened at $5.53 on Monday. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.93. The firm has a fifty day moving average price of $6.49 and a 200 day moving average price of $6.84. The stock has a market capitalization of $2.34 billion, a PE ratio of -46.08 and a beta of 1.88.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th. National Bankshares set a $10.00 target price on Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. National Bank Financial began coverage on Uranium Energy in a research note on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target for the company. HC Wainwright reiterated a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a report on Thursday, March 13th. Finally, Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $10.60.

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.