Azarias Capital Management L.P. Cuts Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Azarias Capital Management L.P. lowered its holdings in Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,949,653 shares of the basic materials company's stock after selling 322,021 shares during the period. Ur-Energy accounts for 10.8% of Azarias Capital Management L.P.'s investment portfolio, making the stock its biggest position. Azarias Capital Management L.P. owned about 5.75% of Ur-Energy worth $24,092,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC boosted its holdings in Ur-Energy by 1,864.0% in the third quarter. FMR LLC now owns 29,519 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 28,016 shares during the last quarter. Brave Asset Management Inc. acquired a new stake in Ur-Energy during the 4th quarter worth approximately $41,000. Intech Investment Management LLC acquired a new position in Ur-Energy during the third quarter valued at approximately $73,000. Ballentine Partners LLC grew its stake in Ur-Energy by 235.6% during the third quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company's stock worth $81,000 after buying an additional 47,922 shares during the period. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ur-Energy in the second quarter worth $150,000. 57.51% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

URG has been the subject of several recent research reports. HC Wainwright reiterated a "buy" rating and issued a $2.70 price target on shares of Ur-Energy in a report on Tuesday, February 11th. Roth Mkm reissued a "buy" rating and set a $2.20 price target (up from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd.

Ur-Energy Stock Performance

Shares of NYSEAMERICAN URG traded down $0.02 during midday trading on Monday, reaching $0.98. 4,476,712 shares of the company's stock were exchanged, compared to its average volume of 4,095,973. Ur-Energy Inc. has a 52-week low of $0.96 and a 52-week high of $1.90. The firm has a market cap of $355.76 million, a price-to-earnings ratio of -7.52 and a beta of 1.10.

Ur-Energy 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.