Rhumbline Advisers Sells 302,909 Shares of Ur Energy Inc $URG

Key Points

• Rhumbline Advisers has reduced its holdings in Ur Energy Inc by 35.4%, selling 302,909 shares in the first quarter, leaving it with approximately 552,181 shares valued at $372,000.
• Several institutional investors have increased their stakes in Ur Energy, notably MIRAE ASSET GLOBAL ETFS HOLDINGS with a 22.0% increase, now holding 24,265,195 shares worth $16,477,000.
• Ur Energy's stock has received favorable ratings from analysts, with target prices raised to as high as $3.00, indicating a consensus rating of "Buy" and an average target price of $2.34.

Rhumbline Advisers decreased its position in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 35.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552,181 shares of the basic materials company's stock after selling 302,909 shares during the quarter. Rhumbline Advisers owned about 0.15% of Ur Energy worth $372,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Ur Energy by 22.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,265,195 shares of the basic materials company's stock worth $16,477,000 after acquiring an additional 4,372,738 shares during the last quarter. AQR Capital Management LLC boosted its stake in Ur Energy by 382.9% during the 1st quarter. AQR Capital Management LLC now owns 130,294 shares of the basic materials company's stock worth $88,000 after acquiring an additional 103,315 shares during the last quarter. OLD Mission Capital LLC boosted its stake in Ur Energy by 21.9% during the 1st quarter. OLD Mission Capital LLC now owns 273,749 shares of the basic materials company's stock worth $185,000 after acquiring an additional 49,236 shares during the last quarter. Vident Advisory LLC boosted 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 acquiring an additional 797,738 shares during the last quarter. Finally, Sprott Inc. boosted its stake in Ur Energy by 18.5% during the 1st quarter. Sprott Inc. now owns 202,854 shares of the basic materials company's stock worth $137,000 after acquiring an additional 31,710 shares during the last quarter. Institutional investors own 57.51% of the company's stock.

Ur Energy Price Performance

NYSEAMERICAN URG opened at $1.63 on Thursday. The company has a quick ratio of 2.49, a current ratio of 3.36 and a debt-to-equity ratio of 0.01. Ur Energy Inc has a 12-month low of $0.55 and a 12-month high of $1.74. The company has a market capitalization of $598.58 million, a PE ratio of -9.59 and a beta of 0.98. The firm's 50 day moving average is $1.37 and its 200-day moving average is $1.02.

Insider Activity

In other news, COO Steven M. Hatten sold 198,618 shares of Ur Energy stock in a transaction that occurred 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 sale, the chief operating officer directly owned 324,775 shares in the company, valued at $435,198.50. This trade represents a 37.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.86% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

URG has been the topic of several research analyst reports. Roth Capital raised their target price on shares of Ur Energy from $1.60 to $1.80 and gave the stock a "buy" rating in a report on Tuesday. B. Riley initiated coverage on shares of Ur Energy in a report on Wednesday, July 23rd. They set a "buy" rating and a $2.00 target price on the stock. Finally, Maxim Group initiated coverage on shares of Ur Energy in a report on Friday, July 25th. They set a "buy" rating and a $3.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $2.34.

About Ur Energy

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.

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