800,049 Shares in Ur Energy Inc $URG Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired 800,049 shares of Ur Energy Inc, worth approximately $539,000, representing about 0.22% ownership in the company.
• Several hedge funds, including Tower Research Capital LLC and Ameriprise Financial Inc., have increased their holdings in Ur Energy, reflecting growing institutional interest.
• Wall Street analysts are optimistic about Ur Energy, with a consensus "Buy" rating and a target price averaging $2.48, indicating potential growth for the stock.

Nuveen LLC bought a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 800,049 shares of the basic materials company's stock, valued at approximately $539,000. Nuveen LLC owned about 0.22% of Ur Energy at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in shares of Ur Energy by 178.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 34,940 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 22,395 shares during the last quarter. Ameriprise Financial Inc. bought a new stake in shares of Ur Energy during the 4th quarter worth about $54,000. Balyasny Asset Management L.P. acquired a new position in Ur Energy in the 4th quarter valued at about $57,000. Wellington Management Group LLP acquired a new position in Ur Energy in the 4th quarter valued at about $58,000. Finally, D. E. Shaw & Co. Inc. bought a new position in Ur Energy in the 4th quarter valued at about $86,000. Institutional investors and hedge funds own 57.51% of the company's stock.

Insiders Place Their Bets

In other Ur Energy news, COO Steven M. Hatten sold 198,618 shares of Ur Energy stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $1.34, for a total value of $266,148.12. Following the transaction, the chief operating officer owned 324,775 shares in the company, valued at $435,198.50. The trade was a 37.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.86% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on URG shares. B. Riley assumed coverage on Ur Energy in a research report on Wednesday, July 23rd. They issued a "buy" rating and a $2.00 target price on the stock. Maxim Group initiated coverage on Ur Energy in a report on Friday, July 25th. They issued a "buy" rating and a $3.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Ur Energy presently has an average rating of "Buy" and a consensus target price of $2.48.

Ur Energy Price Performance

NYSEAMERICAN:URG traded up $0.03 during mid-day trading on Wednesday, reaching $1.50. The stock had a trading volume of 5,355,535 shares, compared to its average volume of 5,724,968. Ur Energy Inc has a 12 month low of $0.55 and a 12 month high of $1.62. The stock has a market capitalization of $547.25 million, a PE ratio of -8.82 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.36 and a quick ratio of 2.49. The stock has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $0.98.

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.