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 reduced its stake in Uranium Royalty Corp. (NASDAQ:UROY - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,711,030 shares of the company's stock after selling 1,724,067 shares during the quarter. CenterBook Partners LP owned about 1.28% of Uranium Royalty worth $3,011,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC acquired a new position in shares of Uranium Royalty in the fourth quarter valued at approximately $1,062,000. Millennium Management LLC grew its holdings in Uranium Royalty by 3,613.3% in the 4th quarter. Millennium Management LLC now owns 518,784 shares of the company's stock valued at $1,136,000 after buying an additional 504,813 shares in the last quarter. Accordant Advisory Group Inc increased its position in Uranium Royalty by 718.9% during the 1st quarter. Accordant Advisory Group Inc now owns 2,334,486 shares of the company's stock worth $4,109,000 after buying an additional 2,049,409 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Uranium Royalty by 298.9% during the fourth quarter. Squarepoint Ops LLC now owns 43,964 shares of the company's stock worth $96,000 after buying an additional 32,943 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Uranium Royalty by 265.6% during the fourth quarter. Jane Street Group LLC now owns 149,809 shares of the company's stock worth $328,000 after acquiring an additional 108,836 shares during the period. 24.19% of the stock is currently owned by institutional investors and hedge funds.

Uranium Royalty Stock Performance

Shares of Uranium Royalty stock traded down $0.03 on Friday, reaching $2.62. 2,441,697 shares of the stock were exchanged, compared to its average volume of 3,410,848. The firm has a market cap of $350.14 million, a PE ratio of -87.33 and a beta of 1.31. The firm's 50 day moving average is $2.52 and its 200-day moving average is $2.17. Uranium Royalty Corp. has a one year low of $1.43 and a one year high of $3.30.

Uranium Royalty (NASDAQ:UROY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $3.30 million for the quarter, compared to analyst estimates of $9.49 million. On average, equities research analysts expect that Uranium Royalty Corp. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Uranium Royalty 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.