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

CenterBook Partners LP grew its position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 153.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,661,242 shares of the basic materials company’s stock after purchasing an additional 6,458,113 shares during the quarter. Ur Energy makes up 0.7% of CenterBook Partners LP’s holdings, making the stock its 27th biggest holding. CenterBook Partners LP owned approximately 2.82% of Ur Energy worth $14,819,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. J.W. Cole Advisors Inc. boosted its stake in shares of Ur Energy by 96.7% during 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 purchasing an additional 14,500 shares in the last quarter. Raymond James Financial Inc. increased its position in Ur Energy by 52.3% in the 3rd quarter. Raymond James Financial Inc. now owns 42,974 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 14,755 shares during the period. Stratos Wealth Advisors LLC acquired a new position in Ur Energy in the 3rd quarter valued at approximately $32,000. Virtu Financial LLC increased its position in Ur Energy by 21.3% in the 3rd quarter. Virtu Financial LLC now owns 106,704 shares of the basic materials company’s stock valued at $191,000 after acquiring an additional 18,735 shares during the period. Finally, TD Waterhouse Canada Inc. raised its stake in shares of Ur Energy by 378.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 24,900 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 19,700 shares during the last quarter. 57.51% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Ur Energy

In related news, VP Jade Walle acquired 107,900 shares of the business’s stock in a transaction that occurred on 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 purchase, the vice president directly owned 251,900 shares in the company, valued at $350,141. The trade was a 74.93% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.63% of the stock is currently owned by corporate insiders.

Ur Energy Price Performance

Ur Energy stock opened at $1.62 on Monday. The stock’s 50 day moving average is $1.65 and its 200 day moving average is $1.58. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63. The firm has a market cap of $643.67 million, a P/E ratio of -6.75 and a beta of 0.88. Ur Energy Inc has a one year low of $0.81 and a one year high of $2.35.

Wall Street Analyst Weigh In

URG has been the topic of several analyst reports. HC Wainwright reissued a “buy” rating and issued a $2.30 price objective on shares of Ur Energy in a research note on Monday, April 27th. B. Riley Financial upgraded Ur Energy to a “strong-buy” rating in a report on Thursday, May 14th. Canaccord Genuity Group began coverage on Ur Energy in a report on Thursday, April 2nd. They issued a “buy” rating and a $3.25 price objective for the company. Northland Securities set a $2.35 price objective on Ur Energy in a report on Tuesday, May 12th. Finally, Roth Mkm restated a “buy” rating and issued a $2.00 price objective on shares of Ur Energy in a report on Tuesday, May 12th. Two investment analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Ur Energy has a consensus 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.