Quantbot Technologies LP Takes Position in Ur-Energy Inc. (NYSEAMERICAN:URG)

Quantbot Technologies LP acquired a new position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) in the 4th quarter, HoldingsChannel reports. The fund acquired 138,265 shares of the basic materials company’s stock, valued at approximately $159,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of URG. FMR LLC boosted its holdings in Ur-Energy by 1,864.0% in the 3rd quarter. FMR LLC now owns 29,519 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 28,016 shares during the period. Cibc World Markets Corp bought a new position in shares of Ur-Energy during the 4th quarter worth about $38,000. Brave Asset Management Inc. acquired a new position in shares of Ur-Energy during the fourth quarter valued at about $41,000. Intech Investment Management LLC bought a new stake in shares of Ur-Energy in the third quarter valued at about $73,000. Finally, JPMorgan Chase & Co. grew its position in Ur-Energy by 22.0% during the third quarter. JPMorgan Chase & Co. now owns 147,268 shares of the basic materials company’s stock worth $175,000 after buying an additional 26,531 shares in the last quarter. Institutional investors and hedge funds own 57.51% of the company’s stock.

Ur-Energy Stock Performance

URG stock opened at $0.66 on Monday. The firm has a 50 day moving average of $0.98. Ur-Energy Inc. has a 1-year low of $0.65 and a 1-year high of $1.90. The company has a market cap of $239.54 million, a price-to-earnings ratio of -5.06 and a beta of 1.10.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and issued a $2.70 price objective on shares of Ur-Energy in a research report on Tuesday, February 11th.

About Ur-Energy

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.