Alyeska Investment Group L.P. Has $981,000 Position in Ur Energy Inc $URG

Key Points

• Alyeska Investment Group L.P. has significantly reduced its stake in Ur Energy Inc by 77.8%, now holding shares worth approximately $981,000.
• The stock price of Ur Energy has dropped by 5.2%, with a current trading price of $1.47 and a market cap of $536.30 million.
• Analysts have a consensus rating of “Buy” for Ur Energy, with a target price averaging around $2.48, indicating potential upside in the market.

Alyeska Investment Group L.P. lessened its stake in Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 77.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,454,894 shares of the basic materials company's stock after selling 5,088,165 shares during the quarter. Alyeska Investment Group L.P. owned 0.40% of Ur Energy worth $981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Alps Advisors Inc. increased its stake in shares of Ur Energy by 21.9% in the 1st quarter. Alps Advisors Inc. now owns 40,898,293 shares of the basic materials company's stock valued at $27,570,000 after purchasing an additional 7,341,627 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ur Energy by 1.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,892,457 shares of the basic materials company's stock worth $23,038,000 after buying an additional 231,013 shares in the last quarter. Fourth Sail Capital LP increased its stake in Ur Energy by 3.7% during the 1st quarter. Fourth Sail Capital LP now owns 12,295,868 shares of the basic materials company's stock worth $8,289,000 after buying an additional 439,074 shares in the last quarter. CenterBook Partners LP increased its stake in Ur Energy by 206.0% during the 1st quarter. CenterBook Partners LP now owns 12,172,000 shares of the basic materials company's stock worth $8,205,000 after buying an additional 8,194,631 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in Ur Energy by 19.4% during the 1st quarter. Vident Advisory LLC now owns 4,902,117 shares of the basic materials company's stock worth $3,284,000 after buying an additional 797,738 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

Ur Energy Stock Performance

Shares of NYSEAMERICAN:URG traded down $0.02 during trading hours on Friday, hitting $1.46. The stock had a trading volume of 4,917,999 shares, compared to its average volume of 5,951,723. Ur Energy Inc has a 1-year low of $0.55 and a 1-year high of $1.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 3.36. The firm has a market capitalization of $532.65 million, a price-to-earnings ratio of -8.59 and a beta of 0.98. The stock's fifty day simple moving average is $1.30 and its 200 day simple moving average is $0.99.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Maxim Group started 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. B. Riley began coverage on Ur Energy in a research note on Wednesday, July 23rd. They issued a "buy" rating and a $2.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. According to MarketBeat, Ur Energy currently has a consensus rating of "Buy" and a consensus target price of $2.48.

Insider Buying and Selling at Ur Energy

In related news, COO Steven M. Hatten sold 198,618 shares of Ur Energy stock in a transaction on Monday, August 25th. The shares were 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. This trade represents a 37.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.86% of the stock is owned by corporate insiders.

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.