Janus Henderson Group PLC Sells 167,320 Shares of Uranium Energy Corp. (NYSEAMERICAN:UEC)

Janus Henderson Group PLC lessened its stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,476,524 shares of the basic materials company’s stock after selling 167,320 shares during the period. Janus Henderson Group PLC’s holdings in Uranium Energy were worth $9,992,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. CWM LLC lifted its holdings in shares of Uranium Energy by 22.2% in the 4th quarter. CWM LLC now owns 9,784 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 1,776 shares during the last quarter. American International Group Inc. lifted its holdings in shares of Uranium Energy by 1.0% in the 1st quarter. American International Group Inc. now owns 189,900 shares of the basic materials company’s stock valued at $1,282,000 after acquiring an additional 1,844 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Uranium Energy by 39.7% in the 4th quarter. Parallel Advisors LLC now owns 10,293 shares of the basic materials company’s stock valued at $66,000 after acquiring an additional 2,923 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in shares of Uranium Energy by 897.7% in the 1st quarter. EntryPoint Capital LLC now owns 4,340 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 3,905 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA bought a new position in shares of Uranium Energy in the 4th quarter valued at about $27,000. Institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

Separately, HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price target on shares of Uranium Energy in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Uranium Energy currently has a consensus rating of “Moderate Buy” and an average price target of $8.90.

Uranium Energy Stock Down 10.1 %

Shares of NYSEAMERICAN UEC opened at $5.33 on Friday. Uranium Energy Corp. has a 1 year low of $3.35 and a 1 year high of $8.34. The stock has a 50-day moving average price of $6.68.

Uranium Energy (NYSEAMERICAN:UEC) last announced its quarterly earnings data on Friday, June 7th. The basic materials company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.06). Uranium Energy had a negative return on equity of 3.05% and a negative net margin of 8.20%. On average, sell-side analysts predict that Uranium Energy Corp. will post 0.03 earnings per share for the current fiscal year.

Uranium Energy 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.