Segra Capital Management LLC Acquires 6,718,094 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

Segra Capital Management LLC raised its holdings in Ur-Energy Inc. (NYSEAMERICAN:URG - Free Report) TSE: URE by 47.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,945,798 shares of the basic materials company's stock after purchasing an additional 6,718,094 shares during the period. Ur-Energy accounts for about 9.8% of Segra Capital Management LLC's holdings, making the stock its 4th biggest position. Segra Capital Management LLC owned 5.78% of Ur-Energy worth $25,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in shares of Ur-Energy during the first quarter valued at approximately $65,000. Bank of New York Mellon Corp purchased a new stake in shares of Ur-Energy during the 2nd quarter valued at approximately $1,099,000. Azarias Capital Management L.P. grew its position in Ur-Energy by 12.2% in the 2nd quarter. Azarias Capital Management L.P. now owns 16,370,204 shares of the basic materials company's stock valued at $22,918,000 after acquiring an additional 1,786,023 shares in the last quarter. Principal Financial Group Inc. acquired a new position in Ur-Energy during the 2nd quarter worth approximately $51,000. Finally, Rhumbline Advisers purchased a new stake in Ur-Energy in the second quarter valued at approximately $465,000. Hedge funds and other institutional investors own 57.51% of the company's stock.

Analyst Ratings Changes

URG has been the subject of a number of research reports. B. Riley decreased their target price on Ur-Energy from $3.00 to $2.00 and set a "buy" rating for the company in a report on Tuesday, August 20th. Roth Mkm reiterated a "buy" rating and set a $2.20 price target (up previously from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd. Finally, HC Wainwright dropped their price objective on Ur-Energy from $3.20 to $2.70 and set a "buy" rating on the stock in a research note on Wednesday, August 14th.

Ur-Energy Price Performance

Shares of URG stock traded up $0.04 during trading hours on Tuesday, hitting $1.25. 3,271,013 shares of the company's stock were exchanged, compared to its average volume of 3,667,143. Ur-Energy Inc. has a fifty-two week low of $0.96 and a fifty-two week high of $2.01. The company has a market cap of $453.30 million, a price-to-earnings ratio of -9.31 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $6.40 million for the quarter, compared to analysts' expectations of $9.67 million. Analysts anticipate that Ur-Energy Inc. will post -0.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Gary C. Huber sold 97,628 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $1.23, for a total value of $120,082.44. Following the transaction, the director now owns 404,869 shares of the company's stock, valued at $497,988.87. This represents a 19.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Steven M. Hatten sold 179,733 shares of Ur-Energy stock in a transaction on Friday, September 20th. The shares were sold at an average price of $1.19, for a total transaction of $213,882.27. Following the completion of the sale, the chief operating officer now owns 303,977 shares in the company, valued at $361,732.63. The trade was a 37.16 % 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 worth $726,708. 3.29% of the stock is owned by corporate insiders.

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.