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Schwab Charles Investment Management Inc. has increased its position in Uranium Energy Corp. (NYSEAMERICAN: UEC) 21.0% in the second quarter, according to its most recent information provided to the SEC. The company held 331,550 shares in the base materials company after acquiring 57,500 additional shares during the period. Schwab Charles Investment Management Inc. held approximately 0.21% of Uranium Energy valued at $ 534,000 at the end of the last quarter.
Several other institutional investors have also recently changed their holdings in UEC. SG Americas Securities LLC increased its stake in Uranium Energy shares by 24.8% in the second quarter. SG Americas Securities LLC now holds 188,256 shares in the base materials company valued at $ 303,000 after purchasing 37,372 additional shares during the period. Rhumbline Advisers increased its stake in Uranium Energy shares by 29.9% in the second quarter. Rhumbline Advisers now holds 147,530 shares valued at $ 238,000 in the base materials company, after purchasing an additional 33,921 shares during the period. JPMorgan Chase & Co. increased its interest in Uranium Energy shares by 11.0% in the first quarter. JPMorgan Chase & Co. now holds 3,100,992 shares in the base materials company valued at $ 4,062,000 after purchasing an additional 306,634 shares during the period. Lastly, Northern Trust Corp increased its stake in Uranium Energy shares by 2.8% in the first quarter. Northern Trust Corp now holds 1,501,890 shares in the base materials company worth $ 1,968,000 after purchasing 40,663 additional shares during the period.
In addition, HC Wainwright set a price target of $ 4.00 on Uranium Energy shares and awarded the company a "buy" rating in a research report on Wednesday.
UEC shares opened at $ 1.33 on Friday. Uranium Energy Corp. has a low of $ 1.04 in 52 weeks and $ 2.00 in 52 weeks.
Company Profile Uranium Energy
Uranium Energy Corp. operates as a uranium exploration and extraction company. His projects in southern Texas include the Palangana ISR mine, the Goliad ISR approved project and the Burke Hollow ISR project under development; and the project in Wyoming includes the Reno Creek ISR Authorized Project. The company also controls an advanced uranium pipeline in Arizona, Colorado, New Mexico and Paraguay, as well as a high-grade titanium project in Paraguay.
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