Chicago Partners Investment Group LLC Increases Stock Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Chicago Partners Investment Group LLC raised its position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 15.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,186 shares of the basic materials company’s stock after buying an additional 4,385 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Uranium Energy were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in UEC. Goehring & Rozencwajg Associates LLC boosted its position in shares of Uranium Energy by 3.5% during the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 1,474,810 shares of the basic materials company’s stock worth $9,439,000 after acquiring an additional 50,145 shares in the last quarter. Sprott Inc. raised its stake in shares of Uranium Energy by 6.6% during the 4th quarter. Sprott Inc. now owns 290,673 shares of the basic materials company’s stock worth $1,860,000 after buying an additional 17,999 shares in the last quarter. Crestline Management LP raised its stake in shares of Uranium Energy by 2.7% during the 4th quarter. Crestline Management LP now owns 539,230 shares of the basic materials company’s stock worth $3,451,000 after buying an additional 14,230 shares in the last quarter. MMCAP International Inc. SPC raised its stake in shares of Uranium Energy by 18.1% during the 4th quarter. MMCAP International Inc. SPC now owns 25,304,663 shares of the basic materials company’s stock worth $160,558,000 after buying an additional 3,876,952 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in Uranium Energy by 39.7% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after purchasing an additional 2,923 shares in the last quarter. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Trading Up 3.0 %

Shares of NYSEAMERICAN:UEC opened at $6.24 on Wednesday. The company’s fifty day moving average is $6.66. The firm has a market cap of $2.55 billion, a PE ratio of -208.00 and a beta of 1.84. Uranium Energy Corp. has a one year low of $2.87 and a one year high of $8.34.

Uranium Energy (NYSEAMERICAN:UEC) last announced its earnings results on Friday, June 7th. The basic materials company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Uranium Energy had a negative net margin of 8.20% and a negative return on equity of 3.05%. As a group, equities analysts anticipate that Uranium Energy Corp. will post 0.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price objective on shares of Uranium Energy in a research note on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $8.90.

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.