Ur Energy Inc $URG Stake Increased by Fourth Sail Capital LP

Fourth Sail Capital LP boosted its position in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 59.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,644,632 shares of the basic materials company’s stock after purchasing an additional 7,348,764 shares during the period. Ur Energy makes up approximately 4.3% of Fourth Sail Capital LP’s investment portfolio, making the stock its 8th biggest holding. Fourth Sail Capital LP owned approximately 0.05% of Ur Energy worth $20,627,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. CenterBook Partners LP lifted its position in shares of Ur Energy by 206.0% during the first quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company’s stock worth $8,205,000 after purchasing an additional 8,194,631 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ur Energy by 22.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company’s stock worth $16,477,000 after buying an additional 4,372,738 shares during the period. Anthracite Investment Company Inc. bought a new stake in Ur Energy during the 2nd quarter valued at about $1,395,000. Nuveen LLC bought a new stake in Ur Energy during the 1st quarter valued at about $539,000. Finally, Vident Advisory LLC boosted its position in Ur Energy by 19.4% in the 1st quarter. Vident Advisory LLC now owns 4,902,117 shares of the basic materials company’s stock valued at $3,284,000 after buying an additional 797,738 shares during the period. Institutional investors own 57.51% of the company’s stock.

Insider Activity

In related news, Director Kathy E. Walker sold 74,727 shares of the business’s stock in a transaction that occurred on Thursday, November 6th. The shares were sold at an average price of $1.32, for a total transaction of $98,639.64. Following the completion of the transaction, the director owned 555,840 shares in the company, valued at $733,708.80. The trade was a 11.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robby Sai Kit Chang sold 213,914 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $1.75, for a total value of $374,349.50. Following the transaction, the director directly owned 84,179 shares in the company, valued at approximately $147,313.25. The trade was a 71.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 739,346 shares of company stock valued at $1,162,643. Company insiders own 1.86% of the company’s stock.

Ur Energy Stock Performance

Shares of NYSEAMERICAN:URG opened at $1.24 on Monday. The firm has a 50 day moving average of $1.64 and a 200 day moving average of $1.25. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $466.05 million, a price-to-earnings ratio of -7.29 and a beta of 0.96. Ur Energy Inc has a 52 week low of $0.55 and a 52 week high of $2.35.

Analyst Upgrades and Downgrades

URG has been the topic of a number of research reports. HC Wainwright reduced their target price 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 Securities assumed coverage on Ur Energy in a research note on Monday, October 27th. They issued an “outperform” rating and a $2.15 price objective on the stock. B. Riley lifted their target price on Ur Energy from $2.00 to $2.50 and gave the company a “buy” rating in a research report on Thursday, September 25th. Northland Capmk upgraded Ur Energy to a “strong-buy” rating in a report on Sunday, October 26th. Finally, Maxim Group began coverage on Ur Energy in a research note on Friday, July 25th. They set a “buy” rating and a $3.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $2.41.

Ur Energy Company Profile

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.