Summit X LLC Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Summit X LLC purchased a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 10,388 shares of the basic materials company’s stock, valued at approximately $69,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UEC. SLT Holdings LLC acquired a new position in Uranium Energy during the fourth quarter worth $70,000. PNC Financial Services Group Inc. boosted its holdings in Uranium Energy by 258.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 32,572 shares of the basic materials company’s stock worth $218,000 after purchasing an additional 23,481 shares during the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Uranium Energy during the fourth quarter worth $3,947,000. Raymond James Financial Inc. acquired a new position in Uranium Energy during the fourth quarter worth $1,007,000. Finally, Arizona State Retirement System boosted its holdings in Uranium Energy by 1.4% during the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock worth $799,000 after purchasing an additional 1,692 shares during the last quarter. Institutional investors and hedge funds own 62.28% of the company’s stock.

Wall Street Analysts Forecast Growth

UEC has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on shares of Uranium Energy in a report on Wednesday. They set a “buy” rating for the company. HC Wainwright upped their price target on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. National Bankshares set a $10.00 price target on shares of Uranium Energy and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, National Bank Financial started coverage on shares of Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $10.31.

Uranium Energy Trading Up 1.4 %

NYSEAMERICAN UEC opened at $5.13 on Thursday. The firm has a market capitalization of $2.17 billion, a P/E ratio of -42.75 and a beta of 1.88. The firm’s fifty day moving average price is $6.72 and its two-hundred day moving average price is $6.92. Uranium Energy Corp. has a 1 year low of $4.06 and a 1 year high of $8.93.

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.