Dimensional Fund Advisors LP Acquires 610,392 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Dimensional Fund Advisors LP boosted its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,091,390 shares of the basic materials company’s stock after acquiring an additional 610,392 shares during the quarter. Dimensional Fund Advisors LP owned 1.44% of Uranium Energy worth $40,756,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of UEC. Harbour Investments Inc. grew its holdings in shares of Uranium Energy by 947.4% in the fourth quarter. Harbour Investments Inc. now owns 3,886 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 3,515 shares during the last quarter. GAMMA Investing LLC boosted its position 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 buying an additional 2,789 shares during the period. Generali Investments Management Co LLC bought a new position in Uranium Energy in the 4th quarter worth about $30,000. Stonehage Fleming Financial Services Holdings Ltd increased its position in shares of Uranium Energy by 21.1% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after acquiring an additional 1,370 shares during the period. Finally, Total Wealth Planning LLC bought a new stake in shares of Uranium Energy during the fourth quarter valued at approximately $67,000. Institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

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

Uranium Energy Stock Performance

UEC stock opened at $5.28 on Friday. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $8.93. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -44.00 and a beta of 1.88. The firm has a 50-day simple moving average of $5.04 and a two-hundred day simple moving average of $6.50.

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.