Fourth Sail Capital LP Takes Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Fourth Sail Capital LP acquired a new stake in shares of Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,512,564 shares of the basic materials company's stock, valued at approximately $20,840,000. Ur-Energy makes up about 5.2% of Fourth Sail Capital LP's investment portfolio, making the stock its 9th largest position. Fourth Sail Capital LP owned approximately 4.83% of Ur-Energy as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Xponance Inc. acquired a new stake in Ur-Energy in the 2nd quarter valued at $25,000. Principal Financial Group Inc. acquired a new position in shares of Ur-Energy in the 2nd quarter valued at approximately $51,000. Tidal Investments LLC bought a new stake in shares of Ur-Energy in the first quarter valued at about $65,000. Ballentine Partners LLC grew its position in Ur-Energy by 235.6% in the third quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company's stock valued at $81,000 after purchasing an additional 47,922 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Ur-Energy in the 2nd quarter valued at approximately $150,000. Hedge funds and other institutional investors own 57.51% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on URG. HC Wainwright reduced their target price on Ur-Energy from $3.20 to $2.70 and set a "buy" rating on the stock in a report on Wednesday, August 14th. B. Riley cut their price target on Ur-Energy from $3.00 to $2.00 and set a "buy" rating on the stock in a report on Tuesday, August 20th. Finally, Roth Mkm restated a "buy" rating and issued a $2.20 target price (up previously from $1.90) on shares of Ur-Energy in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Ur-Energy has a consensus rating of "Moderate Buy" and a consensus target price of $2.30.

Ur-Energy Trading Up 6.4 %

Shares of URG stock traded up $0.08 on Monday, hitting $1.33. The stock had a trading volume of 5,523,978 shares, compared to its average volume of 3,690,763. The company has a market capitalization of $481.82 million, a PE ratio of -10.23 and a beta of 1.11. Ur-Energy Inc. has a 1 year low of $0.96 and a 1 year high of $2.01.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.02). The business had revenue of $6.40 million for the quarter, compared to analyst estimates of $9.67 million. Research analysts predict that Ur-Energy Inc. will post -0.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ur-Energy news, COO Steven M. Hatten sold 179,733 shares of Ur-Energy stock in a transaction on Friday, September 20th. The stock was sold at an average price of $1.19, for a total transaction of $213,882.27. Following the completion of the transaction, the chief operating officer now directly owns 303,977 shares of the company's stock, valued at approximately $361,732.63. This trade represents a 37.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger L. Smith sold 228,119 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $1.20, for a total value of $273,742.80. Following the completion of the transaction, the chief financial officer now owns 613,061 shares in the company, valued at $735,673.20. This represents a 27.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 605,480 shares of company stock valued at $726,708. Company insiders own 3.29% of the company's stock.

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.