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

Uranium Energy logo with Basic Materials background
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Key Points

  • JPMorgan Chase & Co. cut its position in Uranium Energy by 31.7% in Q3, selling 612,016 shares and leaving 1,321,041 shares worth about $17.62 million (≈0.27% of the company) on its most recent SEC filing.
  • Other institutions moved in the opposite direction: Vanguard increased its stake to 35.7 million shares (~$476.6 million) and Norges Bank established a new ~$105 million position, with institutional investors owning ~62.3% of the stock overall.
  • Operationally UEC is expanding its U.S. ISR production footprint and advancing refinery/conversion licensing, and analysts have a consensus rating of Moderate Buy with an average target of about $17.53.
  • Five stocks we like better than Uranium Energy.

JPMorgan Chase & Co. cut its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 31.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,321,041 shares of the basic materials company's stock after selling 612,016 shares during the period. JPMorgan Chase & Co. owned approximately 0.27% of Uranium Energy worth $17,623,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Uranium Energy by 34.5% during the 3rd quarter. Vanguard Group Inc. now owns 35,726,216 shares of the basic materials company's stock worth $476,588,000 after purchasing an additional 9,159,024 shares in the last quarter. Norges Bank acquired a new stake in shares of Uranium Energy in the second quarter valued at approximately $105,058,000. Osaic Holdings Inc. boosted its stake in shares of Uranium Energy by 88.4% in the second quarter. Osaic Holdings Inc. now owns 214,323 shares of the basic materials company's stock valued at $1,457,000 after buying an additional 100,560 shares during the period. Pinnacle Associates Ltd. boosted its stake in shares of Uranium Energy by 38.2% in the third quarter. Pinnacle Associates Ltd. now owns 1,463,561 shares of the basic materials company's stock valued at $19,524,000 after buying an additional 404,799 shares during the period. Finally, Voya Investment Management LLC grew its position in Uranium Energy by 195.0% during the third quarter. Voya Investment Management LLC now owns 1,605,986 shares of the basic materials company's stock worth $21,424,000 after buying an additional 1,061,566 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on UEC. National Bank Financial raised their price objective on Uranium Energy from $15.50 to $16.50 and gave the stock an "outperform" rating in a research note on Friday, December 19th. HC Wainwright upped their target price on Uranium Energy from $26.50 to $26.75 and gave the company a "buy" rating in a research report on Wednesday, March 11th. Zacks Research raised Uranium Energy from a "strong sell" rating to a "hold" rating in a report on Monday, December 1st. Roth Mkm restated a "buy" rating and issued a $16.00 price target on shares of Uranium Energy in a research report on Thursday, December 11th. Finally, TD Securities dropped their price target on Uranium Energy from $22.00 to $21.00 and set a "buy" rating for the company in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.53.

View Our Latest Research Report on Uranium Energy

Uranium Energy News Summary

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

Uranium Energy Stock Up 1.9%

Shares of UEC stock opened at $13.44 on Thursday. Uranium Energy Corp. has a twelve month low of $3.85 and a twelve month high of $20.34. The stock's fifty day simple moving average is $15.76 and its 200 day simple moving average is $14.10. The firm has a market capitalization of $6.59 billion, a P/E ratio of -112.00 and a beta of 1.21.

Uranium Energy (NYSEAMERICAN:UEC - Get Free Report) last posted its earnings results on Tuesday, March 10th. The basic materials company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $20.20 million during the quarter, compared to the consensus estimate of $12.85 million. As a group, equities research analysts expect that Uranium Energy Corp. will post 0.01 EPS for the current fiscal year.

Uranium Energy 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

Want to see what other hedge funds are holding UEC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report).

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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