JPMorgan Chase & Co. Has $17.62 Million Stake in Uranium Energy Corp. $UEC

JPMorgan Chase & Co. reduced its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UECFree Report) by 31.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,321,041 shares of the basic materials company’s stock after selling 612,016 shares during the period. JPMorgan Chase & Co.’s holdings in Uranium Energy were worth $17,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swiss Life Asset Management Ltd increased its stake in shares of Uranium Energy by 70.3% in the third quarter. Swiss Life Asset Management Ltd now owns 19,913 shares of the basic materials company’s stock valued at $266,000 after buying an additional 8,217 shares during the period. Strategic Advocates LLC bought a new position in shares of Uranium Energy during the third quarter worth about $40,000. CIBC Private Wealth Group LLC lifted its stake in shares of Uranium Energy by 711.2% in the third quarter. CIBC Private Wealth Group LLC now owns 11,357 shares of the basic materials company’s stock worth $152,000 after acquiring an additional 9,957 shares during the period. Danske Bank A S acquired a new position in shares of Uranium Energy in the third quarter worth approximately $137,000. Finally, Fulcrum Asset Management LLP bought a new stake in Uranium Energy in the third quarter valued at approximately $67,000. 62.28% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on UEC shares. National Bank Financial increased their target price on shares of Uranium Energy from $15.50 to $16.50 and gave the company an “outperform” rating in a research report on Friday, December 19th. HC Wainwright upped their price objective on shares of Uranium Energy from $26.50 to $26.75 and gave the company a “buy” rating in a research note on Wednesday, March 11th. Roth Mkm reissued a “buy” rating and set a $16.00 target price 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 target price on shares of Uranium Energy in a report on Wednesday, February 4th. Finally, TD Securities dropped their target price on shares of Uranium Energy from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. 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 company’s stock. Based on data from MarketBeat, Uranium Energy has an average rating of “Moderate Buy” and a consensus target price of $17.53.

Read Our Latest Research Report on Uranium Energy

Uranium Energy Trading Up 1.9%

Shares of UEC stock opened at $13.44 on Thursday. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $20.34. The firm has a market capitalization of $6.59 billion, a PE ratio of -112.00 and a beta of 1.21. The firm has a fifty day simple moving average of $15.76 and a two-hundred day simple moving average of $14.10.

Uranium Energy (NYSEAMERICAN:UECGet Free Report) last released its quarterly earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). The company had revenue of $20.20 million for the quarter, compared to analyst estimates of $12.85 million. On average, equities analysts predict that Uranium Energy Corp. will post 0.01 earnings per share for the current fiscal year.

Key Stories Impacting Uranium Energy

Here are the key news stories impacting Uranium Energy this week:

Uranium Energy Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Uranium Energy (NYSEAMERICAN:UEC)

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