Lake Street Private Wealth LLC Invests $1.53 Million in Uranium Energy Corp. (NYSEAMERICAN:UEC)

Lake Street Private Wealth LLC acquired a new position in Uranium Energy Corp. (NYSEAMERICAN:UEC) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 228,459 shares of the basic materials company’s stock, valued at approximately $1,528,000.

A number of other hedge funds also recently bought and sold shares of UEC. GAMMA Investing LLC raised its position in 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 acquiring an additional 2,789 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Uranium Energy in the 2nd quarter worth $26,000. Farther Finance Advisors LLC increased its stake in shares of 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 in the last quarter. Quintet Private Bank Europe S.A. bought a new position in Uranium Energy in the 3rd quarter worth $33,000. Finally, BNP Paribas purchased a new position in Uranium Energy during the third quarter valued at $38,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

UEC has been the subject of a number of analyst reports. HC Wainwright upped their price target on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Roth Mkm reissued a “buy” rating and issued a $10.25 target price (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd.

Uranium Energy Stock Performance

UEC opened at $7.08 on Friday. The company’s fifty day moving average price is $6.62. Uranium Energy Corp. has a fifty-two week low of $4.06 and a fifty-two week high of $8.93.

Uranium Energy 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.