Powell Investment Advisors LLC Invests $72,000 in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Powell Investment Advisors LLC purchased a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) during the fourth quarter, Holdings Channel.com reports. The firm purchased 10,718 shares of the basic materials company’s stock, valued at approximately $72,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of UEC. GAMMA Investing LLC boosted its position in shares of Uranium Energy by 180.1% in the fourth quarter. GAMMA Investing LLC now owns 4,338 shares of the basic materials company’s stock worth $29,000 after buying an additional 2,789 shares during the period. Farther Finance Advisors LLC boosted its position in Uranium Energy by 5,130.4% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 4,720 shares during the period. Quintet Private Bank Europe S.A. acquired a new stake in Uranium Energy during the 3rd quarter worth about $33,000. BNP Paribas purchased a new position in Uranium Energy during the 3rd quarter valued at about $38,000. Finally, National Bank of Canada FI increased its holdings in shares of 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 valued at $46,000 after purchasing an additional 1,713 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Uranium Energy Trading Up 2.4 %

Shares of NYSEAMERICAN UEC opened at $6.95 on Monday. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93. The company has a 50-day moving average price of $6.64.

Wall Street Analysts Forecast Growth

UEC has been the subject of several research reports. Roth Mkm restated a “buy” rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a 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 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.