Spouting Rock Asset Management LLC Buys Shares of 54,217 NexGen Energy Ltd. (NYSE:NXE)

Spouting Rock Asset Management LLC acquired a new position in NexGen Energy Ltd. (NYSE:NXEFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,217 shares of the company’s stock, valued at approximately $380,000.

Several other large investors have also recently made changes to their positions in NXE. FMR LLC lifted its holdings in shares of NexGen Energy by 99,379.5% in the 3rd quarter. FMR LLC now owns 11,674,918 shares of the company’s stock worth $69,882,000 after acquiring an additional 11,663,182 shares during the last quarter. L1 Capital Pty Ltd lifted its holdings in shares of NexGen Energy by 31.3% in the 3rd quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company’s stock worth $130,246,000 after acquiring an additional 5,195,210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of NexGen Energy by 7.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock worth $179,307,000 after acquiring an additional 1,744,062 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in NexGen Energy by 83.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,649,400 shares of the company’s stock worth $15,857,000 after buying an additional 1,206,200 shares in the last quarter. Finally, Alps Advisors Inc. lifted its holdings in NexGen Energy by 10.5% during the 3rd quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company’s stock worth $73,549,000 after buying an additional 1,168,795 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Stock Performance

Shares of NYSE:NXE traded down $0.02 during trading hours on Friday, reaching $7.04. The stock had a trading volume of 3,079,389 shares, compared to its average volume of 6,386,669. NexGen Energy Ltd. has a 1 year low of $4.38 and a 1 year high of $8.88. The firm’s 50 day moving average is $7.73 and its 200-day moving average is $7.45. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of -706.29 and a beta of 1.92.

NexGen Energy (NYSE:NXEGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Analysts forecast that NexGen Energy Ltd. will post -0.15 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th. Scotiabank assumed coverage on shares of NexGen Energy in a report on Monday, April 1st. They set a “sector outperform” rating on the stock.

View Our Latest Analysis on NXE

About NexGen Energy

(Free Report)

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

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Institutional Ownership by Quarter for NexGen Energy (NYSE:NXE)

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