CenterBook Partners LP Has $9.67 Million Stock Position in Ur Energy Inc $URG

CenterBook Partners LP cut its stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 24.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,206,502 shares of the basic materials company’s stock after selling 2,965,498 shares during the period. CenterBook Partners LP owned 2.52% of Ur Energy worth $9,667,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Ur Energy by 5.4% during the first quarter. Bank of New York Mellon Corp now owns 790,184 shares of the basic materials company’s stock worth $533,000 after purchasing an additional 40,375 shares during the period. Fourth Sail Capital LP grew its holdings in Ur Energy by 3.7% in the 1st quarter. Fourth Sail Capital LP now owns 12,295,868 shares of the basic materials company’s stock valued at $8,289,000 after buying an additional 439,074 shares in the last quarter. Virtu Financial LLC bought a new position in Ur Energy during the 1st quarter worth $169,000. Nuveen LLC acquired a new stake in shares of Ur Energy during the first quarter worth $539,000. Finally, Tejara Capital Ltd bought a new stake in shares of Ur Energy in the first quarter valued at about $505,000. Institutional investors own 57.51% of the company’s stock.

Insiders Place Their Bets

In other news, COO Steven M. Hatten sold 198,618 shares of Ur Energy stock in a transaction on Monday, August 25th. The stock was sold at an average price of $1.34, for a total value of $266,148.12. Following the transaction, the chief operating officer owned 324,775 shares in the company, valued at approximately $435,198.50. This trade represents a 37.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO John Cash sold 189,303 shares of the business’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $1.27, for a total value of $240,414.81. Following the transaction, the chief executive officer directly owned 660,968 shares of the company’s stock, valued at $839,429.36. This trade represents a 22.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,255,279 shares of company stock valued at $1,824,411 over the last three months. 1.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. HC Wainwright lowered their price target on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Northland Capmk raised shares of Ur Energy to a “strong-buy” rating in a report on Sunday, October 26th. B. Riley raised their target price on shares of Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Thursday, September 25th. Roth Capital lifted their price target on shares of Ur Energy from $1.60 to $1.80 and gave the company a “buy” rating in a research report on Tuesday, September 23rd. Finally, Northland Securities began coverage on Ur Energy in a research report on Monday, October 27th. They set an “outperform” rating and a $2.15 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $2.41.

Ur Energy Price Performance

URG stock opened at $1.17 on Friday. The company’s 50-day moving average price is $1.59 and its two-hundred day moving average price is $1.28. The firm has a market cap of $439.74 million, a P/E ratio of -6.88 and a beta of 0.96. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. Ur Energy Inc has a 12 month low of $0.55 and a 12 month high of $2.35.

About Ur Energy

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.