Hennion & Walsh Asset Management Inc. Raises Position in Ur Energy Inc $URG

Hennion & Walsh Asset Management Inc. grew its position in shares of Ur Energy Inc (NYSEAMERICAN:URG) (TSE:URE) by 183.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 619,031 shares of the basic materials company’s stock after buying an additional 400,881 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.16% of Ur Energy worth $860,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in 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 valued at $88,000 after acquiring an additional 103,315 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of Ur Energy in the 2nd quarter worth $38,000. Creative Planning purchased a new position in shares of Ur Energy in the second quarter worth $47,000. XTX Topco Ltd bought a new position in shares of Ur Energy during the second quarter valued at $160,000. Finally, Jump Financial LLC purchased a new stake in shares of Ur Energy during the second quarter valued at $73,000. Institutional investors own 57.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on URG. HC Wainwright decreased their target price on Ur Energy from $2.60 to $2.30 and set a “buy” rating for the company in a research report on Thursday, March 12th. Canaccord Genuity Group initiated coverage on shares of Ur Energy in a research report on Thursday. They set a “buy” rating and a $3.25 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $2.50.

Insider Buying and Selling

In related news, VP Jade Walle bought 107,900 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average cost of $1.39 per share, for a total transaction of $149,981.00. Following the completion of the transaction, the vice president owned 251,900 shares of the company’s stock, valued at approximately $350,141. This trade represents a 74.93% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.86% of the company’s stock.

Ur Energy Stock Performance

URG opened at $1.52 on Friday. The company’s 50 day moving average is $1.59 and its 200 day moving average is $1.56. The company has a current ratio of 5.44, a quick ratio of 4.56 and a debt-to-equity ratio of 0.87. The company has a market cap of $603.94 million, a price-to-earnings ratio of -7.60 and a beta of 0.84. Ur Energy Inc has a 12-month low of $0.55 and a 12-month high of $2.35.

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.