Chesapeake Capital Corp IL Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Chesapeake Capital Corp IL bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the fourth quarter, Holdings Channel reports. The firm bought 32,850 shares of the basic materials company’s stock, valued at approximately $220,000.

Several other large investors also recently bought and sold shares of UEC. Geode Capital Management LLC boosted its holdings in shares of Uranium Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company’s stock valued at $56,419,000 after acquiring an additional 159,921 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Uranium Energy by 33.2% in the 4th quarter. Van ECK Associates Corp now owns 6,602,890 shares of the basic materials company’s stock valued at $44,174,000 after acquiring an additional 1,645,919 shares during the last quarter. Segra Capital Management LLC boosted its holdings in shares of Uranium Energy by 81.0% in the 3rd quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock valued at $24,926,000 after acquiring an additional 1,806,529 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Uranium Energy by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,554,149 shares of the basic materials company’s stock valued at $22,071,000 after acquiring an additional 42,904 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Uranium Energy by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,409,129 shares of the basic materials company’s stock valued at $22,807,000 after acquiring an additional 88,633 shares during the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on UEC shares. National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the company an “outperform” rating in a report on Wednesday, February 12th. National Bank Financial assumed coverage on shares of Uranium Energy in a report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 price target on the stock. Stifel Nicolaus set a $10.50 price target on shares of Uranium Energy in a report on Wednesday, March 12th. HC Wainwright reissued a “buy” rating and set a $12.25 price target on shares of Uranium Energy in a report on Thursday, March 13th. Finally, Stifel Canada raised shares of Uranium Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Four analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $10.60.

Uranium Energy Price Performance

Shares of NYSEAMERICAN UEC opened at $5.52 on Wednesday. The firm has a 50-day simple moving average of $6.57 and a 200-day simple moving average of $6.87. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of -46.00 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.

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.