Y Intercept Hong Kong Ltd Buys Shares of 228,817 Ur Energy Inc $URG

Y Intercept Hong Kong Ltd purchased a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 228,817 shares of the basic materials company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. boosted its position in shares of Ur Energy by 22.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 369,449 shares of the basic materials company’s stock worth $249,000 after purchasing an additional 66,616 shares during the period. Bank of New York Mellon Corp boosted its position 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 buying an additional 40,375 shares during the period. Fourth Sail Capital LP grew its stake in shares of Ur Energy by 3.7% in the first 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. CenterBook Partners LP raised its holdings in shares of Ur Energy by 206.0% in the 1st quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company’s stock valued at $8,205,000 after buying an additional 8,194,631 shares during the period. Finally, Virtu Financial LLC acquired a new position in Ur Energy during the 1st quarter worth about $169,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Ur Energy Stock Performance

Shares of URG stock opened at $1.24 on Friday. The company has a market cap of $466.05 million, a P/E ratio of -7.29 and a beta of 0.96. The firm has a fifty day moving average price of $1.64 and a 200 day moving average price of $1.25. The company has a current ratio of 3.36, a quick ratio of 2.49 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.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. HC Wainwright dropped their target price on Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research report on Tuesday. Northland Capmk raised shares of Ur Energy to a “strong-buy” rating in a research note on Sunday, October 26th. Northland Securities initiated coverage on shares of Ur Energy in a report on Monday, October 27th. They set an “outperform” rating and a $2.15 target price on the stock. B. Riley boosted their price target on shares of Ur Energy from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Thursday, September 25th. Finally, Maxim Group began coverage on Ur Energy in a research note on Friday, July 25th. They issued a “buy” rating and a $3.00 price objective 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 stock. According to data from MarketBeat.com, Ur Energy currently has an average rating of “Buy” and a consensus price target of $2.41.

Insiders Place Their Bets

In related news, COO Steven M. Hatten sold 198,618 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief operating officer directly owned 324,775 shares of the company’s stock, valued at $435,198.50. This represents a 37.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kathy E. Walker sold 74,727 shares of the firm’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $1.32, for a total transaction of $98,639.64. Following the sale, the director directly owned 555,840 shares in the company, valued at approximately $733,708.80. The trade was a 11.85% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 739,346 shares of company stock valued at $1,162,643. 1.86% of the stock is owned by insiders.

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.