CenterBook Partners LP Has $14.82 Million Holdings in Ur Energy Inc $URG

CenterBook Partners LP raised its holdings in Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 153.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,661,242 shares of the basic materials company’s stock after acquiring an additional 6,458,113 shares during the quarter. Ur Energy accounts for 0.7% of CenterBook Partners LP’s investment portfolio, making the stock its 27th biggest holding. CenterBook Partners LP’s holdings in Ur Energy were worth $14,819,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Stratos Wealth Advisors LLC acquired a new position in Ur Energy in the third quarter valued at approximately $32,000. TD Waterhouse Canada Inc. lifted its stake in Ur Energy by 378.8% in the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after buying an additional 19,700 shares during the period. Gabelli Funds LLC acquired a new position in Ur Energy in the third quarter valued at approximately $36,000. Envestnet Asset Management Inc. acquired a new position in Ur Energy in the second quarter valued at approximately $38,000. Finally, J.W. Cole Advisors Inc. lifted its stake in Ur Energy by 96.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,500 shares of the basic materials company’s stock valued at $41,000 after buying an additional 14,500 shares during the period. 57.51% of the stock is owned by institutional investors and hedge funds.

Ur Energy Price Performance

Shares of NYSEAMERICAN:URG opened at $1.62 on Monday. The company has a quick ratio of 3.63, a current ratio of 4.44 and a debt-to-equity ratio of 0.83. Ur Energy Inc has a twelve month low of $0.81 and a twelve month high of $2.35. The stock’s 50 day moving average is $1.65 and its 200-day moving average is $1.58. The firm has a market capitalization of $643.67 million, a price-to-earnings ratio of -6.75 and a beta of 0.88.

Insider Buying and Selling at Ur Energy

In other news, VP Jade Walle bought 107,900 shares of the stock in a transaction dated Wednesday, March 18th. The shares were bought at an average cost of $1.39 per share, with a total value of $149,981.00. Following the completion of the transaction, the vice president directly owned 251,900 shares of the company’s stock, valued at $350,141. This trade represents a 74.93% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.63% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages have issued reports on URG. Canaccord Genuity Group began coverage on Ur Energy in a research note on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price target on the stock. Northland Securities set a $2.35 price target on Ur Energy in a research note on Tuesday, May 12th. Roth Mkm reissued a “buy” rating and issued a $2.00 price target on shares of Ur Energy in a research note on Tuesday, May 12th. HC Wainwright reaffirmed a “buy” rating and set a $2.30 target price on shares of Ur Energy in a research report on Monday, April 27th. Finally, B. Riley Financial raised Ur Energy to a “strong-buy” rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $2.57.

Ur Energy Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company’s core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company’s flagship asset is the Lost Creek Project in Wyoming’s Great Divide Basin, which commenced commercial production in 2013.