The Manufacturers Life Insurance Company Invests $22.60 Million in Ur Energy Inc $URG

The Manufacturers Life Insurance Company acquired a new stake in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,619,368 shares of the basic materials company’s stock, valued at approximately $22,602,000.

A number of other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its position in Ur Energy by 382.9% in the 1st quarter. AQR Capital Management LLC now owns 130,294 shares of the basic materials company’s stock worth $88,000 after buying an additional 103,315 shares during the last quarter. Envestnet Asset Management Inc. bought a new position in Ur Energy during the second quarter valued at approximately $38,000. Creative Planning bought a new position in Ur Energy during the second quarter valued at approximately $47,000. XTX Topco Ltd bought a new position in Ur Energy during the second quarter valued at approximately $160,000. Finally, Jump Financial LLC purchased a new position in shares of Ur Energy during the second quarter worth approximately $73,000. 57.51% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ur Energy

In related news, Director Gary C. Huber sold 87,858 shares of Ur Energy stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $1.48, for a total value of $130,029.84. Following the transaction, the director directly owned 558,016 shares of the company’s stock, valued at $825,863.68. The trade was a 13.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Hatten sold 81,576 shares of Ur Energy stock in a transaction on Friday, August 21st. The stock was sold at an average price of $1.39, for a total transaction of $113,390.64. Following the completion of the transaction, the chief operating officer directly owned 345,764 shares in the company, valued at approximately $480,611.96. The trade was a 19.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 587,005 shares of company stock valued at $838,231. 1.63% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on URG. HC Wainwright lowered their price objective on shares of Ur Energy from $2.30 to $2.20 and set a “buy” rating for the company in a report on Tuesday, August 11th. Northland Securities set a $2.35 target price on shares of Ur Energy in a report on Tuesday, May 12th. Roth Capital reiterated a “buy” rating and issued a $2.00 target price on shares of Ur Energy in a research report on Tuesday, May 12th. B. Riley Financial raised shares of Ur Energy to a “strong-buy” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada cut their price target on shares of Ur Energy from $1.75 to $1.60 and set an “outperform” rating for the company in a research report on Monday, August 17th. Two research analysts have rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, Ur Energy currently has an average rating of “Buy” and an average price target of $2.32.

Ur Energy Price Performance

URG opened at $1.53 on Friday. The stock’s 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.52. The company has a debt-to-equity ratio of 1.02, a current ratio of 4.00 and a quick ratio of 3.25. Ur Energy Inc has a 1 year low of $1.12 and a 1 year high of $2.35. The firm has a market cap of $608.01 million, a price-to-earnings ratio of -6.95 and a beta of 0.95.

Ur Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly 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 return on equity of 110.84% and a negative net margin of 252.75%.The company had revenue of $14.37 million during the quarter, compared to analysts’ expectations of $14.36 million. As a group, analysts predict that Ur Energy Inc will post -0.16 earnings per share for the current year.

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.