Summit X LLC Takes Position in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Summit X LLC acquired a new stake in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,388 shares of the basic materials company’s stock, valued at approximately $69,000.

Several other large investors also recently modified their holdings of UEC. SLT Holdings LLC acquired a new position in shares of Uranium Energy in the fourth quarter valued at about $70,000. PNC Financial Services Group Inc. grew its stake in shares of Uranium Energy by 258.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 32,572 shares of the basic materials company’s stock valued at $218,000 after acquiring an additional 23,481 shares in the last quarter. CloudAlpha Capital Management Limited Hong Kong acquired a new position in shares of Uranium Energy in the fourth quarter valued at about $3,947,000. Raymond James Financial Inc. acquired a new position in shares of Uranium Energy in the fourth quarter valued at about $1,007,000. Finally, Arizona State Retirement System grew its stake in shares of Uranium Energy by 1.4% in the fourth quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company’s stock valued at $799,000 after acquiring an additional 1,692 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Uranium Energy Stock Up 1.4 %

Shares of Uranium Energy stock opened at $5.13 on Thursday. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -42.75 and a beta of 1.88. Uranium Energy Corp. has a 12-month low of $4.06 and a 12-month high of $8.93. The firm’s 50-day moving average price is $6.72 and its two-hundred day moving average price is $6.92.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. National Bank Financial assumed coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They issued an “outperform” rating and a $10.00 price target on the stock. Stifel Nicolaus started coverage on shares of Uranium Energy in a research note on Wednesday. They issued a “buy” rating on the stock. HC Wainwright increased their price objective on shares of Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research note on Monday, December 9th. Finally, National Bankshares set a $10.00 price objective on shares of Uranium Energy and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $10.31.

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.