Uranium Energy Corp. $UEC Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 85.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 103,122 shares of the basic materials company’s stock after purchasing an additional 47,562 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Uranium Energy were worth $1,376,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UEC. Mirae Asset Global Investments Co. Ltd. lifted its position in Uranium Energy by 1,954.8% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 153,614 shares of the basic materials company’s stock worth $1,045,000 after buying an additional 146,138 shares during the period. Ballentine Partners LLC increased its stake in shares of Uranium Energy by 207.5% during the 2nd quarter. Ballentine Partners LLC now owns 31,476 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 21,241 shares during the last quarter. MQS Management LLC purchased a new position in shares of Uranium Energy during the 2nd quarter worth about $137,000. Norges Bank acquired a new stake in shares of Uranium Energy in the second quarter worth approximately $105,058,000. Finally, Harbour Capital Advisors LLC purchased a new stake in Uranium Energy in the second quarter valued at approximately $310,000. 62.28% of the stock is currently owned by hedge funds and other institutional investors.

Uranium Energy Trading Up 1.0%

NYSEAMERICAN:UEC opened at $14.57 on Friday. The firm’s fifty day simple moving average is $12.61 and its 200 day simple moving average is $11.42. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $17.80. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of -121.42 and a beta of 1.23.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on UEC shares. National Bankshares increased their price target on shares of Uranium Energy from $15.50 to $16.50 and gave the stock an “outperform” rating in a research note on Friday, December 19th. The Goldman Sachs Group upped their price objective on Uranium Energy from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Zacks Research upgraded Uranium Energy from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Canaccord Genuity Group set a $17.50 price target on Uranium Energy and gave the company a “buy” rating in a research report on Wednesday, September 24th. Finally, Stifel Canada upgraded Uranium Energy to a “strong-buy” rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Uranium Energy currently has a consensus rating of “Buy” and a consensus target price of $14.92.

About Uranium Energy

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.