Powell Investment Advisors LLC Takes $72,000 Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Powell Investment Advisors LLC bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,718 shares of the basic materials company’s stock, valued at approximately $72,000.

Several other hedge funds have also recently bought and sold shares of UEC. Creative Planning lifted its stake in shares of Uranium Energy by 13.3% during the second quarter. Creative Planning now owns 50,157 shares of the basic materials company’s stock worth $301,000 after purchasing an additional 5,871 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in shares of Uranium Energy by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 38,548 shares of the basic materials company’s stock valued at $239,000 after buying an additional 1,461 shares during the period. Sequoia Financial Advisors LLC lifted its position in Uranium Energy by 96.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 25,640 shares of the basic materials company’s stock worth $159,000 after acquiring an additional 12,582 shares in the last quarter. Saxony Capital Management LLC purchased a new position in Uranium Energy in the 3rd quarter worth approximately $81,000. Finally, International Assets Investment Management LLC grew its position in Uranium Energy by 222.7% in the third quarter. International Assets Investment Management LLC now owns 26,610 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 18,365 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on UEC shares. HC Wainwright raised their price objective on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Roth Mkm reiterated a “buy” rating and set a $10.25 target price (up from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Uranium Energy Trading Up 2.4 %

UEC opened at $6.95 on Monday. Uranium Energy Corp. has a twelve month low of $4.06 and a twelve month high of $8.93. The company’s 50 day simple moving average is $6.64.

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.