MMCAP International Inc. SPC Trims Stock Holdings in Ur-Energy Inc. (NYSEAMERICAN:URG)

MMCAP International Inc. SPC trimmed its position in shares of Ur-Energy Inc. (NYSEAMERICAN:URG) (TSE:URE) by 13.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,104,113 shares of the basic materials company’s stock after selling 2,773,810 shares during the quarter. Ur-Energy makes up about 3.2% of MMCAP International Inc. SPC’s portfolio, making the stock its 8th biggest position. MMCAP International Inc. SPC’s holdings in Ur-Energy were worth $20,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in Ur-Energy by 1,864.0% during 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 last quarter. Brave Asset Management Inc. bought a new position in Ur-Energy during the 4th quarter valued at about $41,000. Intech Investment Management LLC bought a new position in Ur-Energy during the 3rd quarter valued at about $73,000. Ballentine Partners LLC grew its holdings in Ur-Energy by 235.6% during the 3rd quarter. Ballentine Partners LLC now owns 68,266 shares of the basic materials company’s stock valued at $81,000 after purchasing an additional 47,922 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Ur-Energy by 22.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 147,268 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 26,531 shares during the last quarter. 57.51% of the stock is currently owned by institutional investors.

Ur-Energy Stock Performance

Shares of URG stock opened at $0.92 on Wednesday. The stock has a market capitalization of $334.10 million, a price-to-earnings ratio of -7.06 and a beta of 1.10. Ur-Energy Inc. has a one year low of $0.88 and a one year high of $1.90.

Analyst Upgrades and Downgrades

Separately, HC Wainwright reiterated a “buy” rating and set a $2.70 price target on shares of Ur-Energy in a 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.