State Street Corp. Reports 3.9% Stake in Uranium Energy Corp.
Ticker: UEC · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1334933
| Field | Detail |
|---|---|
| Company | Uranium Energy CORP (UEC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 25, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, uranium, investment-firm
TL;DR
**State Street just updated its UEC stake to 3.9%, watch for market reaction.**
AI Summary
State Street Corporation, a major financial institution, has updated its ownership stake in Uranium Energy Corp. As of December 31, 2023, State Street Corporation reported beneficial ownership of 15,286,419 shares of Uranium Energy Corp's common stock, representing 3.9% of the company. This filing indicates a slight decrease in their reported stake from previous filings, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially influencing investor sentiment for Uranium Energy Corp stock.
Why It Matters
This filing shows a significant institutional investor's current position in Uranium Energy Corp, which can influence market perception and investor confidence in the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate, significant risk to the company or its shareholders.
Analyst Insight
Investors should note State Street Corporation's continued, albeit slightly adjusted, significant stake in Uranium Energy Corp as a sign of ongoing institutional interest, but should not expect major market movements solely based on this routine update.
Key Numbers
- 15,286,419 — Shares Beneficially Owned (Represents State Street Corporation's total holding in Uranium Energy Corp.)
- 3.9% — Percentage of Class (Indicates State Street Corporation's ownership stake relative to Uranium Energy Corp's total outstanding shares.)
- 12/31/2023 — Date of Event (The snapshot date for the reported ownership information.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Uranium Energy Corp (company) — the subject company whose securities are being reported
- 15,286,419 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 3.9% (dollar_amount) — percentage of class beneficially owned by State Street Corporation
- December 31, 2023 (date) — the date of the event requiring this filing
Forward-Looking Statements
- Uranium Energy Corp's stock price will remain stable or see minor fluctuations due to this routine institutional update. (Uranium Energy Corp) — medium confidence, target: Q1 2024
FAQ
Who is the reporting person in this SC 13G/A filing?
The reporting person is State Street Corporation, identified by IRS Identification No. 04-2456637 and located at 1 Congress Street, Suite 1, Boston, MA 02114.
What is the subject company whose securities are being reported?
The subject company is Uranium Energy Corp, with CUSIP number 916896103, and its business address is 1830 - 1188 West Georgia Street, Vancouver, A1 V6E 4A2.
What type of securities are covered by this filing?
This filing covers the Common Stock of Uranium Energy Corp, as stated under 'TITLE OF CLASS OF SECURITIES'.
As of what date was the ownership information in this filing current?
The date of the event which requires the filing of this statement is December 31, 2023, as specified in the filing.
What percentage of Uranium Energy Corp's common stock does State Street Corporation beneficially own?
State Street Corporation beneficially owns 3.9% of the class of Uranium Energy Corp's common stock, based on the information provided in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding URANIUM ENERGY CORP (UEC).