CenterBook Partners LP Sells 1,724,067 Shares of Uranium Royalty Corp. (NASDAQ:UROY)

Key Points

• CenterBook Partners LP has reduced its holdings in Uranium Royalty Corp. by 50.2%, now owning approximately 1.28% of the company worth $3,011,000.
• Several institutional investors, including XTX Topco Ltd and Zurcher Kantonalbank, have significantly increased their positions in Uranium Royalty during the same period, indicating a shift in investor sentiment.
• Wall Street analyst HC Wainwright has cut their price target for Uranium Royalty from $7.70 to $4.50, while maintaining a "buy" rating on the stock.

CenterBook Partners LP lessened its position in Uranium Royalty Corp. (NASDAQ:UROY - Free Report) by 50.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,711,030 shares of the company's stock after selling 1,724,067 shares during the quarter. CenterBook Partners LP owned approximately 1.28% of Uranium Royalty worth $3,011,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Uranium Royalty by 64.8% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,667 shares of the company's stock worth $55,000 after acquiring an additional 12,064 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Uranium Royalty during the 4th quarter worth approximately $30,000. Private Advisor Group LLC acquired a new position in Uranium Royalty during the 1st quarter worth approximately $27,000. Welch Group LLC acquired a new position in Uranium Royalty during the 1st quarter worth approximately $31,000. Finally, Natixis boosted its position in Uranium Royalty by 8.6% during the 4th quarter. Natixis now owns 261,887 shares of the company's stock worth $564,000 after acquiring an additional 20,750 shares during the last quarter. Institutional investors own 24.19% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright lowered their price target on Uranium Royalty from $7.70 to $4.50 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd.

Uranium Royalty Stock Down 0.6%

Shares of UROY stock traded down $0.02 during trading on Monday, reaching $2.61. 865,508 shares of the company's stock were exchanged, compared to its average volume of 3,094,730. The stock has a market capitalization of $348.12 million, a PE ratio of -86.83 and a beta of 1.31. Uranium Royalty Corp. has a twelve month low of $1.43 and a twelve month high of $3.30. The firm's fifty day moving average price is $2.52 and its 200-day moving average price is $2.16.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last posted its earnings results on Wednesday, July 16th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). The business had revenue of $3.30 million for the quarter, compared to analyst estimates of $9.49 million. As a group, analysts anticipate that Uranium Royalty Corp. will post 0.01 EPS for the current fiscal year.

Uranium Royalty Company Profile

Uranium Royalty Corp. operates as a pure-play uranium royalty company. It acquires, accumulates, and manages a portfolio of geographically diversified uranium interests. The company has royalty interests in the McArthur River, Cigar Lake / Waterbury Lake, Roughrider, Russell Lake, Russell Lake south, and Dawn Lake projects in Saskatchewan, Canada; Anderson and San Rafael projects in Arizona; Lance and Reno Creek projects in Wyoming; Church Rock and Roca Honda projects in New Mexico; Dewey-Burdock project in South Dakota; Slick Rock project in Colorado; Langer Heinrich project in Namibia; and Michelin project in Newfoundland and Labrador, Canada; Energy Queen and Whirlwind project in Utah; and Workman Creek projects in Arizona.