Avantax Advisory Services Inc. Acquires New Holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Avantax Advisory Services Inc. bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, HoldingsChannel reports. The fund bought 43,520 shares of the basic materials company’s stock, valued at approximately $291,000.

Several other institutional investors also recently modified their holdings of UEC. SG Americas Securities LLC raised its holdings in Uranium Energy by 107.6% in the 4th quarter. SG Americas Securities LLC now owns 351,233 shares of the basic materials company’s stock valued at $2,350,000 after buying an additional 182,016 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Uranium Energy by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after acquiring an additional 1,645,919 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of Uranium Energy during the third quarter worth $600,000. Barclays PLC grew its stake in shares of Uranium Energy by 394.5% in the third quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock worth $4,329,000 after purchasing an additional 556,081 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in Uranium Energy by 712.5% in the third quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock valued at $11,310,000 after purchasing an additional 1,597,108 shares during the period. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Uranium Energy Stock Performance

NYSEAMERICAN:UEC opened at $5.32 on Wednesday. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -44.33 and a beta of 1.88. The stock has a fifty day moving average of $6.41 and a 200 day moving average of $6.82. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93.

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.