SLT Holdings LLC Makes New $70,000 Investment in Uranium Energy Corp. (NYSEAMERICAN:UEC)

SLT Holdings LLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,500 shares of the basic materials company’s stock, valued at approximately $70,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UEC. GAMMA Investing LLC boosted its stake in Uranium Energy by 180.1% in the 4th quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 2,789 shares during the period. Farther Finance Advisors LLC boosted its stake in Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 4,720 shares during the period. BNP Paribas bought a new position in Uranium Energy in the 3rd quarter worth approximately $38,000. National Bank of Canada FI boosted its stake in Uranium Energy by 29.7% in the 3rd quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 1,713 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd boosted its stake in Uranium Energy by 21.1% in the 4th quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 1,370 shares during the period. 62.28% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on UEC shares. National Bankshares set a $10.00 price target on Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. HC Wainwright increased their target price on Uranium Energy from $10.25 to $11.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Finally, National Bank Financial initiated coverage on Uranium Energy in a research report on Wednesday, February 12th. They set an “outperform” rating and a $10.00 target price for the company.

Uranium Energy Stock Down 1.8 %

NYSEAMERICAN UEC opened at $4.99 on Friday. The company has a market cap of $2.11 billion, a P/E ratio of -41.58 and a beta of 1.88. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93. The firm’s 50 day moving average price is $6.86.

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.