Sei Investments Co. Invests $2.44 Million in Ur Energy Inc $URG

Key Points

• Sei Investments acquired 1.64 million Ur-Energy shares worth approximately $2.44 million, representing a 0.41% stake. Institutional investors collectively own 57.51% of the company.
• Ur-Energy reported a quarterly loss of $0.07 per share and revenue of $3.90 million, missing analyst expectations of a $0.04 loss and $9.86 million in revenue.
• Analysts remain broadly positive, with the stock carrying an average “Buy” rating and a consensus price target of $2.36 versus its recent $1.40 share price.

Sei Investments Co. bought a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,636,947 shares of the basic materials company's stock, valued at approximately $2,439,000. Sei Investments Co. owned 0.41% of Ur Energy as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp purchased a new position in Ur Energy during the fourth quarter worth approximately $28,361,000. The Manufacturers Life Insurance Company acquired a new stake in Ur Energy in the fourth quarter valued at approximately $21,683,000. CenterBook Partners LP increased its position in shares of Ur Energy by 153.7% in the fourth quarter. CenterBook Partners LP now owns 10,661,242 shares of the basic materials company's stock valued at $14,819,000 after buying an additional 6,458,113 shares in the last quarter. Alps Advisors Inc. increased its position in shares of Ur Energy by 11.8% in the fourth quarter. Alps Advisors Inc. now owns 43,829,022 shares of the basic materials company's stock valued at $60,922,000 after buying an additional 4,628,176 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of Ur Energy by 1,111.5% in the third quarter. Citadel Advisors LLC now owns 4,328,546 shares of the basic materials company's stock valued at $7,748,000 after buying an additional 3,971,261 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company's stock.

Ur Energy Price Performance

Shares of Ur Energy stock opened at $1.40 on Friday. The stock has a market capitalization of $556.35 million, a P/E ratio of -5.83 and a beta of 0.95. The business has a 50 day simple moving average of $1.41 and a two-hundred day simple moving average of $1.56. Ur Energy Inc has a 12 month low of $1.12 and a 12 month high of $2.35. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.44 and a quick ratio of 3.63.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last issued its quarterly earnings results on Friday, May 8th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.03). Ur Energy had a negative return on equity of 98.81% and a negative net margin of 298.18%.The firm had revenue of $3.90 million during the quarter, compared to analyst estimates of $9.86 million. As a group, analysts predict that Ur Energy Inc will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Northland Securities set a $2.35 target price on Ur Energy in a research report on Tuesday, May 12th. Roth Capital reissued a "buy" rating and issued a $2.00 price target on shares of Ur Energy in a report on Tuesday, May 12th. HC Wainwright restated a "buy" rating and set a $2.30 price objective on shares of Ur Energy in a research report on Monday, April 27th. Royal Bank Of Canada initiated coverage on shares of Ur Energy in a report on Monday, July 13th. They set an "outperform" rating and a $1.75 price objective on the stock. Finally, B. Riley Financial upgraded shares of Ur Energy to a "strong-buy" rating in a research report on Thursday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $2.36.

Ur Energy Profile

Ur-Energy Inc is a U.S.‐based uranium mining company focused on the exploration, development and production of uranium to serve the global nuclear power industry. The company's core expertise centers on in situ recovery (ISR) mining techniques, which involve the extraction of uranium from sandstone formations using a low-environmental-impact process that recovers uranium in solution. Through this approach, Ur-Energy strives to maintain efficient production while minimizing surface disturbance, water usage and waste generation.

The company's flagship asset is the Lost Creek Project in Wyoming's Great Divide Basin, which commenced commercial production in 2013.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source