Janus Henderson Group PLC Raises Stock Holdings in Uranium Energy Corp. $UEC

Janus Henderson Group PLC increased its holdings in shares of Uranium Energy Corp. (NYSEAMERICAN:UEC) by 103.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,056,607 shares of the basic materials company’s stock after acquiring an additional 536,965 shares during the quarter. Janus Henderson Group PLC’s holdings in Uranium Energy were worth $14,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of UEC. Sound Income Strategies LLC grew its stake in Uranium Energy by 159.1% in the 4th quarter. Sound Income Strategies LLC now owns 3,094 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 1,900 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in shares of Uranium Energy during the 4th quarter worth $39,000. PenderFund Capital Management Ltd. purchased a new position in shares of Uranium Energy in the 4th quarter worth about $39,000. EFG International AG purchased a new position in shares of Uranium Energy in the 4th quarter worth about $47,000. Finally, Longview Financial Advisors Inc. purchased a new position in shares of Uranium Energy in the 1st quarter worth about $52,000. Hedge funds and other institutional investors own 62.28% of the company’s stock.

Uranium Energy Stock Up 5.3%

NYSEAMERICAN UEC opened at $10.50 on Wednesday. The company has a market cap of $5.20 billion, a PE ratio of -87.50 and a beta of 1.22. Uranium Energy Corp. has a 52 week low of $8.90 and a 52 week high of $20.34. The firm’s 50-day simple moving average is $10.98 and its two-hundred day simple moving average is $13.59.

Uranium Energy (NYSEAMERICAN:UEC) last issued its earnings results on Tuesday, June 9th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.04). As a group, equities research analysts anticipate that Uranium Energy Corp. will post -0.15 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. HC Wainwright restated a “buy” rating and set a $26.75 price objective on shares of Uranium Energy in a report on Wednesday, June 10th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $16.00 price objective on shares of Uranium Energy in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $17.41.

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.