Navellier & Associates Inc. Acquires 17,439 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Navellier & Associates Inc. raised its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 26.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 82,708 shares of the basic materials company’s stock after purchasing an additional 17,439 shares during the quarter. Navellier & Associates Inc.’s holdings in Uranium Energy were worth $553,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp grew its stake in Uranium Energy by 78.0% in the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after acquiring an additional 2,171,468 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Uranium Energy in the third quarter valued at approximately $12,643,000. Segra Capital Management LLC raised its stake in Uranium Energy by 81.0% in the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after buying an additional 1,806,529 shares during the period. The Manufacturers Life Insurance Company raised its stake 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 buying an additional 1,597,108 shares during the period. Finally, Wellington Management Group LLP bought a new position in shares of Uranium Energy during the third quarter worth approximately $4,512,000. Institutional investors own 62.28% of the company’s stock.

Uranium Energy Price Performance

UEC stock opened at $5.68 on Friday. The firm has a market cap of $2.40 billion, a P/E ratio of -47.33 and a beta of 1.88. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93. The company’s 50-day moving average is $6.64.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UEC shares. HC Wainwright raised their price objective on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. National Bank Financial began coverage on Uranium Energy in a report on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 target price on the stock. Finally, National Bankshares set a $10.00 price objective on Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th.

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.