Jupiter Topco LLC Purchases Shares of 1,359,654 Uranium Energy Corp. $UEC

Jupiter Topco LLC acquired a new stake in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,359,654 shares of the basic materials company’s stock, valued at approximately $14,578,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Balboa Wealth Partners grew its stake in shares of Uranium Energy by 2.9% in the 1st quarter. Balboa Wealth Partners now owns 27,820 shares of the basic materials company’s stock valued at $376,000 after buying an additional 775 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Uranium Energy by 1.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 58,791 shares of the basic materials company’s stock worth $687,000 after acquiring an additional 809 shares in the last quarter. Empowered Funds LLC grew its stake in Uranium Energy by 2.3% in the fourth quarter. Empowered Funds LLC now owns 38,637 shares of the basic materials company’s stock valued at $451,000 after acquiring an additional 879 shares during the period. MGO One Seven LLC grew its stake in Uranium Energy by 6.1% in the fourth quarter. MGO One Seven LLC now owns 17,784 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 1,027 shares during the period. Finally, CoreCap Advisors LLC increased its holdings in shares of Uranium Energy by 6.2% during the second quarter. CoreCap Advisors LLC now owns 25,850 shares of the basic materials company’s stock valued at $276,000 after acquiring an additional 1,500 shares in the last quarter. Institutional investors own 62.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating on shares of Uranium Energy in a research report on Wednesday. The Goldman Sachs Group restated a “buy” rating and set a $16.00 price target on shares of Uranium Energy in a research note on Tuesday, June 9th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Uranium Energy currently has an average rating of “Moderate Buy” and an average target price of $17.41.

Uranium Energy Stock Performance

Shares of NYSEAMERICAN UEC opened at $12.40 on Friday. The stock has a market cap of $6.14 billion, a price-to-earnings ratio of -103.33 and a beta of 1.22. Uranium Energy Corp. has a fifty-two week low of $8.90 and a fifty-two week high of $20.34. The firm’s 50-day simple moving average is $10.74 and its 200 day simple moving average is $12.85.

Uranium Energy (NYSEAMERICAN:UEC) last issued its quarterly earnings data on Tuesday, June 9th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). On average, sell-side analysts predict that Uranium Energy Corp. will post -0.15 EPS for the current year.

Uranium Energy Company Profile

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.