Fourth Sail Capital LP has significantly increased its stake in Ur Energy Inc (NYSEAMERICAN: URG) by 59.8% during the second quarter, as revealed in a recent filing with the Securities and Exchange Commission (SEC). The investment fund now holds 19,644,632 shares of the uranium exploration company, following the acquisition of an additional 7,348,764 shares. This acquisition positions Ur Energy as the eighth largest holding in Fourth Sail Capital’s portfolio, representing about 4.3% of the fund’s total investments.
At the close of the last quarter, Fourth Sail Capital’s stake in Ur Energy was valued at approximately $20.6 million. Other institutional investors have also shown growing interest in Ur Energy. For example, CenterBook Partners LP raised its position by an impressive 206.0% in the first quarter, now owning 12,172,000 shares worth about $8.2 million after purchasing 8,194,631 shares.
Increased Institutional Interest
In a similar vein, MIRAE ASSET GLOBAL ETFs HOLDINGS Ltd. increased its stake by 22.0% in the first quarter, bringing its total to 24,265,195 shares, valued at $16.5 million. Meanwhile, Anthracite Investment Company Inc. entered the fray with a new stake estimated at $1.4 million during the second quarter. Additionally, Nuveen LLC and Vident Advisory LLC also made new investments, reflecting a broader trend among institutional investors, who collectively hold 57.51% of Ur Energy’s stock.
The company has also seen notable insider trading activity. On November 6, Kathy E. Walker, a director, sold 74,727 shares at an average price of $1.32, totaling approximately $98,640. Following this transaction, Walker’s remaining shares were valued at around $733,709, indicating an 11.85% decrease in her position. Similarly, on September 25, Robby Sai Kit Chang sold 213,914 shares at an average price of $1.75, amounting to $374,350, reducing his ownership by 71.76%.
Analyst Ratings and Market Performance
Ur Energy’s stock has attracted attention from various analysts, with several recent upgrades and target price adjustments. On November 4, HC Wainwright lowered its target price from $2.70 to $2.60, maintaining a “buy” rating. Conversely, Northland Securities began coverage with an “outperform” rating and a target price of $2.15. In a previous report, B. Riley raised its price target from $2.00 to $2.50, also rating the stock as a “buy.”
As of now, one investment analyst has given Ur Energy a “strong buy” rating, while six others have issued “buy” ratings, leading to an average rating of “buy” with a target price of $2.41, according to data from MarketBeat.com.
Ur Energy engages in the acquisition, exploration, development, and operation of uranium properties, with interests in 12 projects across the United States. The company’s flagship asset is the Lost Creek project, encompassing approximately 35,400 acres in the Great Divide Basin of Wyoming, supported by approximately 1,800 unpatented mining claims.
For those interested in the latest developments regarding Ur Energy, including hedge fund holdings and insider trades, resources such as HoldingsChannel.com and MarketBeat.com provide ongoing updates.
