Snowden Capital Advisors LLC Cuts Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Snowden Capital Advisors LLC cut its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 35.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,000 shares of the basic materials company’s stock after selling 12,000 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Uranium Energy were worth $147,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UEC. Sherbrooke Park Advisers LLC purchased a new stake in shares of Uranium Energy during the 4th quarter valued at $301,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Uranium Energy during the 4th quarter valued at $130,000. Polar Asset Management Partners Inc. purchased a new stake in shares of Uranium Energy during the 4th quarter valued at $2,415,000. ProShare Advisors LLC lifted its holdings in shares of Uranium Energy by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 112,348 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 36,965 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of Uranium Energy during the 4th quarter valued at $76,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Uranium Energy Price Performance

Shares of UEC stock opened at $6.45 on Friday. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -53.75 and a beta of 1.88. The business has a fifty day moving average of $5.09 and a 200 day moving average of $6.42. Uranium Energy Corp. has a 1 year low of $3.85 and a 1 year high of $8.93.

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.