DRW Securities LLC Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

DRW Securities LLC acquired a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, Holdings Channel reports. The fund acquired 76,436 shares of the basic materials company’s stock, valued at approximately $511,000.

A number of other large investors have also recently added to or reduced their stakes in UEC. Raymond James Financial Inc. acquired a new stake in Uranium Energy during the 4th quarter valued at $1,007,000. Renaissance Technologies LLC purchased a new stake in Uranium Energy during the 4th quarter worth about $8,524,000. Invesco Ltd. raised its stake in Uranium Energy by 134.1% in the 4th quarter. Invesco Ltd. now owns 942,851 shares of the basic materials company’s stock valued at $6,308,000 after purchasing an additional 540,049 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Uranium Energy in the 4th quarter valued at about $223,000. Finally, Wells Fargo & Company MN lifted its holdings in Uranium Energy by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 753,643 shares of the basic materials company’s stock valued at $5,042,000 after purchasing an additional 98,130 shares in the last quarter. 62.28% of the stock is owned by institutional investors and hedge funds.

Uranium Energy Price Performance

Shares of NYSEAMERICAN:UEC opened at $4.42 on Thursday. The firm has a market capitalization of $1.87 billion, a PE ratio of -36.83 and a beta of 1.88. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The business has a 50-day moving average of $5.68 and a two-hundred day moving average of $6.64.

Analysts Set New Price Targets

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

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.