JPMorgan Chase & Co. Cuts Stock Holdings in Uranium Energy Corp. $UEC

JPMorgan Chase & Co. lowered its position in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 31.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,321,041 shares of the basic materials company’s stock after selling 612,016 shares during the period. JPMorgan Chase & Co. owned about 0.27% of Uranium Energy worth $17,623,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its holdings in shares of Uranium Energy by 56.6% in the 1st quarter. AQR Capital Management LLC now owns 222,582 shares of the basic materials company’s stock valued at $1,064,000 after buying an additional 80,464 shares during the period. Caxton Associates LLP acquired a new stake in Uranium Energy in the first quarter valued at $173,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Uranium Energy by 44.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,367,597 shares of the basic materials company’s stock worth $6,537,000 after purchasing an additional 423,994 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Uranium Energy by 114.0% during the 1st quarter. Focus Partners Wealth now owns 36,427 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 19,407 shares during the period. Finally, Teacher Retirement System of Texas grew its stake in shares of Uranium Energy by 5.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 64,995 shares of the basic materials company’s stock worth $442,000 after purchasing an additional 3,252 shares during the period. Institutional investors and hedge funds own 62.28% of the company’s stock.

Analysts Set New Price Targets

UEC has been the subject of several recent analyst reports. National Bank Financial raised their price objective on shares of Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research note on Friday, December 19th. Roth Mkm reissued a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research note on Thursday, December 11th. The Goldman Sachs Group restated a “buy” rating and issued a $18.00 price target on shares of Uranium Energy in a report on Wednesday, February 4th. Finally, Zacks Research raised Uranium Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.66.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN:UEC opened at $14.56 on Wednesday. The business’s fifty day moving average price is $15.80 and its two-hundred day moving average price is $13.79. The stock has a market cap of $7.04 billion, a PE ratio of -121.33 and a beta of 1.21. Uranium Energy Corp. has a one year low of $3.85 and a one year high of $20.34.

Uranium Energy Profile

Uranium Energy Corp. is a uranium mining and exploration company focused on the development and production of uranium through in-situ recovery (ISR) methods. The company’s core activities include operating ISR projects, advancing exploration properties, and engaging in joint ventures to secure uranium supply for nuclear power generation. Uranium Energy’s approach emphasizes environmentally conscious extraction techniques that minimize land disturbance and water usage compared with conventional mining.

The company’s primary producing asset is the Hobson ISR facility in South Texas, which commenced production to supply uranium concentrate to nuclear utilities.