Generali Investments Management Co LLC Makes New $30,000 Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Generali Investments Management Co LLC bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, Holdings Channel reports. The firm bought 4,541 shares of the basic materials company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Geode Capital Management LLC grew its holdings in Uranium Energy by 1.8% during the third quarter. Geode Capital Management LLC now owns 9,083,449 shares of the basic materials company’s stock valued at $56,419,000 after purchasing an additional 159,921 shares during the period. Van ECK Associates Corp raised its holdings in Uranium Energy by 33.2% during 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 period. Segra Capital Management LLC lifted its position in shares of Uranium Energy by 81.0% during the third quarter. Segra Capital Management LLC now owns 4,036,529 shares of the basic materials company’s stock worth $24,926,000 after acquiring an additional 1,806,529 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Uranium Energy by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,409,129 shares of the basic materials company’s stock worth $22,807,000 after acquiring an additional 88,633 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of Uranium Energy in the third quarter worth $12,643,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $5.51 on Thursday. The firm has a fifty day moving average of $6.54 and a 200 day moving average of $6.86. Uranium Energy Corp. has a 52-week low of $4.06 and a 52-week high of $8.93. The firm has a market capitalization of $2.33 billion, a PE ratio of -45.92 and a beta of 1.88.

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.