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JPMorgan Chase & Co. Sells 2,518,245 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Uranium Energy logo with Basic Materials background

JPMorgan Chase & Co. decreased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC - Free Report) by 18.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 about 2.57% of Uranium Energy worth $67,439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in Uranium Energy in the second quarter valued at about $26,000. Farther Finance Advisors LLC raised its position in shares of Uranium Energy by 5,130.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,812 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 4,720 shares during the period. Quintet Private Bank Europe S.A. bought a new position in Uranium Energy during the 3rd quarter worth approximately $33,000. BNP Paribas acquired a new position in Uranium Energy during the third quarter valued at approximately $38,000. Finally, National Bank of Canada FI increased its stake in Uranium Energy by 29.7% in the third quarter. National Bank of Canada FI now owns 7,485 shares of the basic materials company's stock valued at $46,000 after purchasing an additional 1,713 shares in the last quarter. 62.28% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on UEC. HC Wainwright lifted their price objective on Uranium Energy from $10.25 to $11.00 and gave the company a "buy" rating in a report on Monday, December 9th. Roth Mkm reaffirmed a "buy" rating and issued a $10.25 price target (up previously from $9.75) on shares of Uranium Energy in a research note on Wednesday, October 23rd.

Read Our Latest Stock Report on Uranium Energy

Uranium Energy Trading Up 0.3 %

UEC traded up $0.02 during trading on Friday, hitting $7.64. The stock had a trading volume of 7,666,628 shares, compared to its average volume of 9,112,514. The stock has a 50 day simple moving average of $6.61. Uranium Energy Corp. has a one year low of $4.06 and a one year high of $8.93. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of -63.67 and a beta of 1.84.

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

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