Uranium Energy Corp. (NYSEAMERICAN:UEC) Holdings Trimmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. trimmed its holdings in Uranium Energy Corp. (NYSEAMERICAN:UEC) by 18.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,859,764 shares of the basic materials company’s stock after selling 2,518,245 shares during the quarter. JPMorgan Chase & Co. owned 2.57% of Uranium Energy worth $67,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in shares of Uranium Energy by 38.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,810,384 shares of the basic materials company’s stock worth $10,880,000 after acquiring an additional 501,291 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Uranium Energy by 20.8% in the second quarter. Principal Financial Group Inc. now owns 53,137 shares of the basic materials company’s stock worth $319,000 after buying an additional 9,133 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Uranium Energy by 16.9% during the second quarter. Commonwealth Equity Services LLC now owns 67,704 shares of the basic materials company’s stock valued at $407,000 after acquiring an additional 9,787 shares during the period. Victory Capital Management Inc. lifted its position in shares of Uranium Energy by 33.8% in the 2nd quarter. Victory Capital Management Inc. now owns 3,511,245 shares of the basic materials company’s stock valued at $21,103,000 after acquiring an additional 886,445 shares in the last quarter. Finally, Arizona State Retirement System boosted its stake in Uranium Energy by 10.3% in the 2nd quarter. Arizona State Retirement System now owns 113,141 shares of the basic materials company’s stock worth $680,000 after purchasing an additional 10,541 shares during the period. Institutional investors own 62.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on UEC. Roth Mkm restated a “buy” rating and set a $10.25 price target (up from $9.75) on shares of Uranium Energy in a report on Wednesday, October 23rd. HC Wainwright increased their price objective on Uranium Energy from $10.25 to $11.00 and gave the stock a “buy” rating in a report on Monday, December 9th.

Uranium Energy Trading Up 0.3 %

NYSEAMERICAN:UEC opened at $7.64 on Friday. The firm has a market cap of $3.23 billion, a PE ratio of -63.67 and a beta of 1.84. The firm’s fifty day moving average is $6.61. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93.

Uranium Energy Company Profile

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.