1,359,654 Shares in Uranium Energy Corp. $UEC Acquired by Jupiter Topco LLC

Key Points

• Jupiter Topco LLC acquired 1,359,654 shares of Uranium Energy, valued at approximately $14.6 million and representing about 0.27% of the company.
• Institutional ownership remains substantial at 62.28%, with BlackRock, Vanguard, Norges Bank, T. Rowe Price and VanEck among major holders increasing or initiating positions.
• Analysts maintain a positive outlook, with a consensus “Moderate Buy” rating and a $17.41 price target. UEC recently traded at $12.40 and reported a quarterly loss of $0.07 per share, below the $0.03 loss analysts expected.

Jupiter Topco LLC bought a new position in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,359,654 shares of the basic materials company's stock, valued at approximately $14,578,000. Jupiter Topco LLC owned about 0.27% of Uranium Energy at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UEC. BlackRock Inc. acquired a new position in shares of Uranium Energy during the second quarter worth $432,676,000. Vanguard Group Inc. increased its holdings in Uranium Energy by 32.2% in the fourth quarter. Vanguard Group Inc. now owns 47,247,813 shares of the basic materials company's stock valued at $551,854,000 after purchasing an additional 11,521,597 shares during the period. Norges Bank acquired a new stake in Uranium Energy in the fourth quarter valued at $118,019,000. Price T Rowe Associates Inc. MD raised its position in Uranium Energy by 11.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 66,352,123 shares of the basic materials company's stock worth $774,995,000 after purchasing an additional 7,013,279 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in Uranium Energy by 25.3% during the 4th quarter. Van ECK Associates Corp now owns 19,665,665 shares of the basic materials company's stock worth $229,695,000 after purchasing an additional 3,969,046 shares during the last quarter. 62.28% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. HC Wainwright reiterated a "buy" rating on shares of Uranium Energy in a research report on Wednesday. The Goldman Sachs Group restated a "buy" rating and set a $16.00 price objective on shares of Uranium Energy in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Uranium Energy has a consensus rating of "Moderate Buy" and a consensus price target of $17.41.

Uranium Energy Trading Down 9.0%

UEC stock opened at $12.40 on Friday. The stock has a 50-day moving average price of $10.74 and a 200-day moving average price of $12.85. Uranium Energy Corp. has a 1-year low of $8.90 and a 1-year high of $20.34. The firm has a market cap of $6.14 billion, a PE ratio of -103.33 and a beta of 1.22.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last announced its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.04). On average, analysts forecast that Uranium Energy Corp. will post -0.15 earnings per share for the current year.

Uranium Energy Company 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.

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