Tidal Investments LLC Raises Holdings in Ur Energy Inc $URG

Key Points

• Tidal Investments increased its Ur-Energy stake by 10,309.6% in the second quarter, purchasing nearly 1.9 million additional shares and bringing its holdings to 1.92 million shares worth about $2.6 million. Institutional investors collectively own 57.51% of the company.
• Analysts maintain a bullish outlook, with a consensus “Buy” rating and an average price target of $2.32, despite recent target cuts by RBC and HC Wainwright.
• Ur-Energy shares opened at $1.22, near their 52-week low, while the company reported a quarterly loss of $0.04 per share and $14.37 million in revenue. Recent insider activity was mixed, with a director selling shares while a vice president purchased 75,581 shares.

Tidal Investments LLC increased its holdings in Ur Energy Inc (NYSEAMERICAN:URG - Free Report) TSE: URE by 10,309.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,916,937 shares of the basic materials company's stock after purchasing an additional 1,898,522 shares during the period. Tidal Investments LLC owned approximately 0.48% of Ur Energy worth $2,607,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of URG. Alps Advisors Inc. raised its stake in shares of Ur Energy by 11.8% during 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 acquiring an additional 4,628,176 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Ur Energy during the second quarter valued at about $38,936,000. Van ECK Associates Corp purchased a new stake in Ur Energy during the second quarter valued at approximately $31,875,000. The Manufacturers Life Insurance Company boosted its position in shares of Ur Energy by 5.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 16,516,010 shares of the basic materials company's stock worth $24,279,000 after purchasing an additional 803,571 shares in the last quarter. Finally, CenterBook Partners LP increased its position in Ur Energy by 153.7% during the 4th 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. 57.51% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Royal Bank Of Canada decreased their price target on Ur Energy from $1.75 to $1.60 and set an "outperform" rating for the company in a research note on Monday, August 17th. HC Wainwright cut their price objective on shares of Ur Energy from $2.30 to $2.20 and set a "buy" rating on the stock in a report on Tuesday, August 11th. 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, the company has a consensus rating of "Buy" and an average target price of $2.32.

Ur Energy Trading Down 2.4%

Shares of NYSEAMERICAN:URG opened at $1.22 on Wednesday. Ur Energy Inc has a 52-week low of $1.12 and a 52-week high of $2.35. The stock has a market cap of $484.82 million, a price-to-earnings ratio of -5.55 and a beta of 0.94. The company has a quick ratio of 3.25, a current ratio of 4.00 and a debt-to-equity ratio of 1.02. The business has a 50-day moving average price of $1.33 and a 200-day moving average price of $1.49.

Ur Energy (NYSEAMERICAN:URG - Get Free Report) TSE: URE last issued its earnings results on Monday, August 10th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). Ur Energy had a negative net margin of 252.75% and a negative return on equity of 110.84%. The firm had revenue of $14.37 million during the quarter, compared to analysts' expectations of $14.36 million. Equities analysts predict that Ur Energy Inc will post -0.16 EPS for the current year.

Insider Transactions at Ur Energy

In other Ur Energy news, Director Thomas H. Parker sold 87,858 shares of the business's stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $1.48, for a total value of $130,029.84. Following the completion of the transaction, the director directly owned 580,884 shares of the company's stock, valued at approximately $859,708.32. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Jade Walle acquired 75,581 shares of the stock in a transaction on Friday, September 11th. The stock was bought at an average price of $1.29 per share, for a total transaction of $97,499.49. Following the transaction, the vice president owned 327,481 shares in the company, valued at approximately $422,450.49. This represents a 30.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 587,005 shares of company stock valued at $838,231. 1.63% of the stock is owned by corporate insiders.

Ur Energy Profile

Ur-Energy Inc is a uranium exploration, development and production company focused on supplying uranium for the nuclear energy industry. The company's activities include acquiring and advancing uranium properties, permitting and constructing recovery facilities, and producing uranium concentrate, commonly known as yellowcake.

Ur-Energy's primary operating asset is the Lost Creek in-situ recovery uranium project in Wyoming's Great Divide Basin. The project uses in-situ recovery methods, which circulate a solution through underground uranium deposits to bring the uranium-bearing solution to the surface for processing.

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