Uranium Energy Corp. $UEC Shares Purchased by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. lifted its stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 38.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,463,561 shares of the basic materials company’s stock after acquiring an additional 404,799 shares during the period. Pinnacle Associates Ltd.’s holdings in Uranium Energy were worth $19,524,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. CoreCap Advisors LLC increased its stake in shares of Uranium Energy by 3.1% during the third quarter. CoreCap Advisors LLC now owns 25,200 shares of the basic materials company’s stock valued at $336,000 after acquiring an additional 750 shares during the period. GPS Wealth Strategies Group LLC raised its holdings in Uranium Energy by 31.0% during the third quarter. GPS Wealth Strategies Group LLC now owns 4,654 shares of the basic materials company’s stock worth $62,000 after purchasing an additional 1,100 shares in the last quarter. Ascent Wealth Partners LLC lifted its position in Uranium Energy by 8.3% in the third quarter. Ascent Wealth Partners LLC now owns 17,336 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 1,334 shares during the period. Ameritas Investment Partners Inc. lifted its position in Uranium Energy by 4.2% in the second quarter. Ameritas Investment Partners Inc. now owns 43,475 shares of the basic materials company’s stock worth $296,000 after purchasing an additional 1,742 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in Uranium Energy by 13.7% during the 2nd quarter. SBI Securities Co. Ltd. now owns 15,629 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 1,878 shares in the last quarter. 62.28% of the stock is currently owned by institutional investors.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $12.93 on Monday. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of -107.75 and a beta of 1.21. Uranium Energy Corp. has a 1-year low of $3.85 and a 1-year high of $20.34. The company has a 50 day moving average price of $15.89 and a 200 day moving average price of $13.87.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UEC shares. Roth Mkm reiterated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research report on Thursday, December 11th. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $18.00 target price on shares of Uranium Energy in a research note on Wednesday, February 4th. Finally, National Bank Financial lifted their target price on Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Uranium Energy presently has a consensus rating of “Moderate Buy” and an average target price of $15.66.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.