Lake Street Private Wealth LLC Raises Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lake Street Private Wealth LLC grew its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 64.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 374,808 shares of the basic materials company’s stock after acquiring an additional 146,349 shares during the period. Lake Street Private Wealth LLC’s holdings in Uranium Energy were worth $1,792,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Uranium Energy by 7.7% in the fourth quarter. US Bancorp DE now owns 22,300 shares of the basic materials company’s stock valued at $149,000 after purchasing an additional 1,600 shares during the period. Arizona State Retirement System lifted its stake in shares of Uranium Energy by 1.4% in the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock valued at $799,000 after purchasing an additional 1,692 shares during the period. Sei Investments Co. lifted its stake in shares of Uranium Energy by 9.7% in the fourth quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company’s stock valued at $130,000 after purchasing an additional 1,710 shares during the period. Summit Investment Advisors Inc. lifted its stake in shares of Uranium Energy by 6.6% in the fourth quarter. Summit Investment Advisors Inc. now owns 41,733 shares of the basic materials company’s stock valued at $279,000 after purchasing an additional 2,570 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Uranium Energy by 22.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,975 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 3,150 shares during the period. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Down 3.3%

Shares of UEC opened at $6.15 on Thursday. The company has a 50-day moving average of $5.22 and a two-hundred day moving average of $6.45. The stock has a market cap of $2.60 billion, a P/E ratio of -51.25 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.

Analysts Set New Price Targets

UEC has been the subject of several recent analyst reports. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a research note on Wednesday, February 12th. HC Wainwright reiterated a “buy” rating and issued a $12.25 price objective on shares of Uranium Energy in a research note on Thursday, March 13th. Stifel Nicolaus set a $10.50 price objective on shares of Uranium Energy in a research note on Wednesday, March 12th. National Bank Financial began coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price for the company. Finally, Stifel Canada upgraded shares of Uranium Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Five investment analysts have rated the stock with a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $10.13.

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.