Uranium Energy Corp. (NYSEAMERICAN:UEC) Shares Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC grew its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 18.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,070 shares of the basic materials company’s stock after purchasing an additional 2,544 shares during the period. Pallas Capital Advisors LLC’s holdings in Uranium Energy were worth $108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UEC. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Uranium Energy during the 3rd quarter valued at $12,643,000. Van ECK Associates Corp raised its position in Uranium Energy by 78.0% during the third quarter. Van ECK Associates Corp now owns 4,956,971 shares of the basic materials company’s stock valued at $30,783,000 after buying an additional 2,171,468 shares during the period. Intech Investment Management LLC purchased a new stake in Uranium Energy in the 3rd quarter worth about $600,000. Barclays PLC boosted its position in Uranium Energy by 394.5% during the 3rd quarter. Barclays PLC now owns 697,045 shares of the basic materials company’s stock worth $4,329,000 after acquiring an additional 556,081 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in Uranium Energy by 712.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,821,256 shares of the basic materials company’s stock valued at $11,310,000 after acquiring an additional 1,597,108 shares in 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 a number of research analyst reports. Roth Mkm reissued a “buy” rating and issued a $10.25 price target (up from $9.75) on shares of Uranium Energy in a research report on Wednesday, October 23rd. HC Wainwright lifted their target price on shares of Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research note on Monday, December 9th.

Uranium Energy Trading Up 1.2 %

Shares of Uranium Energy stock opened at $6.98 on Thursday. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of -58.17 and a beta of 1.84. The firm’s 50-day moving average price is $6.62. 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.