BW Gestao de Investimentos Ltda. Makes New Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

BW Gestao de Investimentos Ltda. acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 300,000 shares of the basic materials company’s stock, valued at approximately $2,007,000. BW Gestao de Investimentos Ltda. owned approximately 0.07% of Uranium Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Harbour Investments Inc. boosted its holdings in shares of Uranium Energy by 947.4% during the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 3,515 shares during the period. GAMMA Investing LLC boosted its stake in 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. Generali Investments Management Co LLC acquired a new position in Uranium Energy in the 4th quarter valued at $30,000. Stonehage Fleming Financial Services Holdings Ltd grew its holdings 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 valued at $53,000 after buying an additional 1,370 shares in the last quarter. Finally, Total Wealth Planning LLC bought a new position in Uranium Energy during the 4th quarter worth $67,000. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Stock Up 0.2 %

Shares of NYSEAMERICAN:UEC opened at $5.28 on Friday. The firm has a market capitalization of $2.23 billion, a PE ratio of -44.00 and a beta of 1.88. The company has a 50-day moving average price of $5.04 and a two-hundred day moving average price of $6.50. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $8.93.

Wall Street Analyst Weigh In

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

Uranium Energy 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.