Alps Advisors Inc. Increases Stake in Ur Energy Inc $URG

Alps Advisors Inc. boosted its holdings in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,200,846 shares of the basic materials company’s stock after buying an additional 624,842 shares during the quarter. Ur Energy accounts for 0.4% of Alps Advisors Inc.’s investment portfolio, making the stock its 25th largest position. Alps Advisors Inc. owned approximately 10.43% of Ur Energy worth $70,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fourth Sail Capital LP grew its stake in shares of Ur Energy by 59.8% in the second quarter. Fourth Sail Capital LP now owns 19,644,632 shares of the basic materials company’s stock worth $20,627,000 after acquiring an additional 7,348,764 shares in the last quarter. Jane Street Group LLC acquired a new position in Ur Energy during the 2nd quarter worth $1,637,000. Anthracite Investment Company Inc. acquired a new position in Ur Energy during the 2nd quarter worth $1,395,000. Vident Advisory LLC increased its holdings in Ur Energy by 23.8% during the 2nd quarter. Vident Advisory LLC now owns 6,069,908 shares of the basic materials company’s stock worth $6,373,000 after purchasing an additional 1,167,791 shares during the period. Finally, Qube Research & Technologies Ltd raised its position in Ur Energy by 455.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 777,002 shares of the basic materials company’s stock valued at $816,000 after purchasing an additional 637,183 shares in the last quarter. Hedge funds and other institutional investors own 57.51% of the company’s stock.

Ur Energy Stock Up 3.9%

URG stock opened at $1.59 on Friday. The stock has a market cap of $601.29 million, a P/E ratio of -7.23 and a beta of 0.82. The company has a current ratio of 7.85, a quick ratio of 5.89 and a debt-to-equity ratio of 0.02. Ur Energy Inc has a twelve month low of $0.55 and a twelve month high of $2.35. The company’s 50 day moving average is $1.57 and its two-hundred day moving average is $1.50.

Analyst Ratings Changes

A number of brokerages have recently commented on URG. Northland Securities began coverage on Ur Energy in a research report on Monday, October 27th. They set an “outperform” rating and a $2.15 price objective for the company. HC Wainwright decreased their price target on shares of Ur Energy from $2.70 to $2.60 and set a “buy” rating for the company in a research note on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $2.41.

Insiders Place Their Bets

In other news, Director Gary C. Huber sold 50,000 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $1.29, for a total transaction of $64,500.00. Following the completion of the sale, the director owned 541,609 shares in the company, valued at approximately $698,675.61. This represents a 8.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Penne A. Goplerud sold 226,630 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $1.29, for a total value of $292,352.70. Following the completion of the transaction, the insider owned 430,608 shares in the company, valued at $555,484.32. This trade represents a 34.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 515,933 shares of company stock valued at $661,768. 1.86% of the stock is owned by insiders.

About Ur Energy

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.