Verition Fund Management LLC bought a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC – Get Rating) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 49,893 shares of the basic materials company's stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Uranium Energy by 85.6% during the 4th quarter. State Street Corp now owns 27,131,990 shares of the basic materials company's stock worth $90,892,000 after buying an additional 12,511,667 shares during the last quarter. Exchange Traded Concepts LLC boosted its stake in shares of Uranium Energy by 33.1% during the 1st quarter. Exchange Traded Concepts LLC now owns 11,339,120 shares of the basic materials company's stock worth $52,047,000 after buying an additional 2,818,076 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Uranium Energy by 22.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,967,141 shares of the basic materials company's stock worth $64,109,000 after buying an additional 2,604,883 shares during the last quarter. MMCAP International Inc. SPC acquired a new position in shares of Uranium Energy during the 1st quarter worth about $3,446,000. Finally, CQS US LLC boosted its stake in shares of Uranium Energy by 102.6% during the 1st quarter. CQS US LLC now owns 1,439,865 shares of the basic materials company's stock worth $6,609,000 after buying an additional 729,048 shares during the last quarter. 48.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group upgraded shares of Uranium Energy from a "hold" rating to a "speculative buy" rating in a research note on Monday, June 13th. Canaccord Genuity Group upgraded shares of Uranium Energy from a "hold" rating to a "buy" rating and raised their target price for the company from $5.50 to $6.00 in a research note on Monday, June 13th. Finally, HC Wainwright increased their price target on shares of Uranium Energy from $7.10 to $7.25 and gave the company a "buy" rating in a report on Friday, September 2nd.

Uranium Energy Trading Down 1.8 %

Uranium Energy Profile

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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; Slick Rock project in Colorado; Reno Creek project in Wyoming; Diabase project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.

Further Reading

• Get a free copy of the StockNews.com research report on Uranium Energy (UEC)
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