The Manufacturers Life Insurance Company Acquires 17,543,525 Shares of Ur-Energy Inc. (NYSEAMERICAN:URG)

The Manufacturers Life Insurance Company lifted its holdings in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 16,425.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,650,333 shares of the basic materials company’s stock after acquiring an additional 17,543,525 shares during the period. The Manufacturers Life Insurance Company owned approximately 4.87% of Ur-Energy worth $21,004,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in URG. Xponance Inc. bought a new position in Ur-Energy during the 2nd quarter valued at $25,000. Principal Financial Group Inc. purchased a new position in Ur-Energy during the second quarter worth about $51,000. Tidal Investments LLC purchased a new position in Ur-Energy during the first quarter worth about $65,000. Verity Asset Management Inc. grew its position in Ur-Energy by 21.8% in the 3rd quarter. Verity Asset Management Inc. now owns 261,074 shares of the basic materials company’s stock worth $311,000 after purchasing an additional 46,698 shares in the last quarter. Finally, Ballentine Partners LLC increased its stake in Ur-Energy by 235.6% in the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock valued at $81,000 after buying an additional 47,922 shares during the last quarter. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur-Energy Stock Performance

Shares of URG opened at $1.31 on Friday. Ur-Energy Inc. has a 1 year low of $0.96 and a 1 year high of $2.01. The firm has a market capitalization of $476.97 million, a price-to-earnings ratio of -10.08 and a beta of 1.11.

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). The firm had revenue of $6.40 million during the quarter, compared to the consensus estimate of $9.67 million. Research analysts anticipate that Ur-Energy Inc. will post -0.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on URG shares. HC Wainwright decreased their price target on Ur-Energy from $3.20 to $2.70 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Roth Mkm reaffirmed a “buy” rating and set a $2.20 target price (up from $1.90) on shares of Ur-Energy in a research report on Wednesday, October 23rd. Finally, B. Riley cut their price target on shares of Ur-Energy from $3.00 to $2.00 and set a “buy” rating on the stock in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $2.30.

Insider Buying and Selling

In other news, insider Penne A. Goplerud sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $1.19, for a total value of $119,000.00. Following the completion of the transaction, the insider now directly owns 412,895 shares in the company, valued at approximately $491,345.05. This trade represents a 19.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Steven M. Hatten sold 179,733 shares of the business’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $1.19, for a total transaction of $213,882.27. Following the transaction, the chief operating officer now owns 303,977 shares of the company’s stock, valued at $361,732.63. This trade represents a 37.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 605,480 shares of company stock valued at $726,708. Company insiders own 3.29% of the company’s stock.

Ur-Energy Company 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.