Janus Henderson Group PLC decreased its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 26.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 883,113 shares of the basic materials company's stock after selling 321,260 shares during the quarter. Janus Henderson Group PLC owned 0.21% of Uranium Energy worth $5,928,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Stonehage Fleming Financial Services Holdings Ltd boosted its holdings in shares of Uranium Energy by 21.1% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 7,870 shares of the basic materials company's stock worth $53,000 after buying an additional 1,370 shares during the last quarter. US Bancorp DE raised its stake in Uranium Energy by 7.7% during the 4th quarter. US Bancorp DE now owns 22,300 shares of the basic materials company's stock worth $149,000 after acquiring an additional 1,600 shares during the period. Arizona State Retirement System raised its stake in Uranium Energy by 1.4% during the 4th quarter. Arizona State Retirement System now owns 119,397 shares of the basic materials company's stock worth $799,000 after acquiring an additional 1,692 shares during the period. Sei Investments Co. raised its stake in Uranium Energy by 9.7% during the 4th quarter. Sei Investments Co. now owns 19,381 shares of the basic materials company's stock worth $130,000 after acquiring an additional 1,710 shares during the period. Finally, Ballentine Partners LLC raised its stake in Uranium Energy by 11.7% during the 4th quarter. Ballentine Partners LLC now owns 17,179 shares of the basic materials company's stock worth $115,000 after acquiring an additional 1,795 shares during the period. Hedge funds and other institutional investors own 62.28% of the company's stock.
Analysts Set New Price Targets
UEC has been the topic of a number of recent analyst reports. National Bank Financial initiated coverage on shares of Uranium Energy in a research note on Wednesday, February 12th. They set an "outperform" rating and a $10.00 target price on the stock. HC Wainwright restated a "buy" rating and set a $12.25 target price on shares of Uranium Energy in a research note on Thursday, March 13th. National Bankshares set a $10.00 target price on shares of Uranium Energy and gave the stock an "outperform" rating in a report on Wednesday, February 12th. Stifel Nicolaus set a $10.50 target price on shares of Uranium Energy in a report on Wednesday, March 12th. Finally, Stifel Canada raised shares of Uranium Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Uranium Energy presently has a consensus rating of "Buy" and a consensus target price of $10.60.
View Our Latest Analysis on Uranium Energy
Uranium Energy Trading Up 1.3%
UEC traded up $0.07 during trading hours on Wednesday, hitting $5.26. The company's stock had a trading volume of 11,248,223 shares, compared to its average volume of 7,950,167. The business's 50-day moving average price is $5.08 and its 200-day moving average price is $6.43. Uranium Energy Corp. has a 12 month low of $3.85 and a 12 month high of $8.93. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of -43.83 and a beta of 1.88.
About Uranium Energy
(
Free Report)
Uranium Energy Corp., together with its subsidiaries, engages in exploration, pre-extraction, extraction, and processing uranium and titanium concentrates in the United States, Canada, and Paraguay. It owns interests in the Palangana mine, Goliad, Burke Hollow, Longhorn, and Salvo projects located in Texas; Anderson, Workman Creek, and Los Cuatros projects situated in Arizona; Dalton Pass and C de Baca project located in New Mexico; Roughrider, Shea Creek, Christie Lake, Horseshoe-Raven, Hidden Bay, Diabase, West Bear, JCU, and other project located in Canada; and Yuty, Oviedo, and Alto Paraná titanium projects in Paraguay.
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