Ritholtz Wealth Management Invests $44,000 in Ur Energy Inc $URG

Ritholtz Wealth Management acquired a new position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 42,085 shares of the basic materials company’s stock, valued at approximately $44,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Ur Energy by 35.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 33,937 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 8,879 shares during the period. Wellington Management Group LLP increased its holdings in shares of Ur Energy by 51.3% during the 1st quarter. Wellington Management Group LLP now owns 76,085 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 25,786 shares during the period. Sprott Inc. increased its stake in Ur Energy by 18.5% in the first quarter. Sprott Inc. now owns 202,854 shares of the basic materials company’s stock valued at $137,000 after acquiring an additional 31,710 shares during the period. Atria Wealth Solutions Inc. bought a new stake in Ur Energy in the second quarter valued at about $38,000. Finally, Bank of New York Mellon Corp increased its stake in Ur Energy by 5.4% in the first quarter. Bank of New York Mellon Corp now owns 790,184 shares of the basic materials company’s stock valued at $533,000 after acquiring an additional 40,375 shares during the period. Institutional investors own 57.51% of the company’s stock.

Insiders Place Their Bets

In other Ur Energy news, Director Robby Sai Kit Chang sold 213,914 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $1.75, for a total transaction of $374,349.50. Following the sale, the director directly owned 84,179 shares of the company’s stock, valued at approximately $147,313.25. This represents a 71.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger L. Smith sold 252,087 shares of the company’s stock in a transaction that occurred on Wednesday, September 24th. The stock was sold at an average price of $1.68, for a total transaction of $423,506.16. Following the transaction, the chief financial officer owned 632,175 shares in the company, valued at $1,062,054. The trade was a 28.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 664,619 shares of company stock valued at $1,064,004. 1.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on URG shares. B. Riley upped their target price on shares of Ur Energy from $2.00 to $2.50 and gave the company a “buy” rating in a research note on Thursday, September 25th. Maxim Group started coverage on shares of Ur Energy in a research note on Friday, July 25th. They issued a “buy” rating and a $3.00 target price on the stock. Finally, Roth Capital upped their target price on shares of Ur Energy from $1.60 to $1.80 and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $2.50.

Ur Energy Price Performance

Shares of Ur Energy stock opened at $1.56 on Thursday. The company has a current ratio of 3.36, a quick ratio of 2.49 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $572.88 million, a price-to-earnings ratio of -9.18 and a beta of 0.96. Ur Energy Inc has a 1-year low of $0.55 and a 1-year high of $2.35. The firm’s 50-day moving average price is $1.58 and its two-hundred day moving average price is $1.16.

Ur Energy Profile

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.