Marshall Wace LLP Boosts Stake in NexGen Energy $NXE

Marshall Wace LLP raised its position in NexGen Energy (NYSE:NXE) by 15.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,204,620 shares of the company’s stock after purchasing an additional 837,187 shares during the quarter. Marshall Wace LLP’s holdings in NexGen Energy were worth $43,060,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. L1 Capital Pty Ltd increased its position in NexGen Energy by 11.8% during the 1st quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company’s stock worth $137,372,000 after purchasing an additional 3,226,055 shares in the last quarter. Vanguard Group Inc. grew its stake in NexGen Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company’s stock worth $93,928,000 after buying an additional 520,279 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its stake in NexGen Energy by 18.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company’s stock worth $63,918,000 after buying an additional 1,407,000 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of NexGen Energy by 1.4% in the first quarter. The Manufacturers Life Insurance Company now owns 7,220,545 shares of the company’s stock worth $32,317,000 after acquiring an additional 98,128 shares in the last quarter. Finally, Encompass Capital Advisors LLC raised its stake in shares of NexGen Energy by 249.5% in the 1st quarter. Encompass Capital Advisors LLC now owns 4,153,080 shares of the company’s stock valued at $18,635,000 after acquiring an additional 2,964,900 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NXE shares. Zacks Research upgraded NexGen Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research report on Wednesday, October 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, NexGen Energy currently has an average rating of “Moderate Buy”.

NexGen Energy Price Performance

Shares of NXE stock opened at $9.41 on Friday. The company’s fifty day moving average price is $8.75 and its two-hundred day moving average price is $7.65. The firm has a market capitalization of $6.16 billion, a P/E ratio of -22.95 and a beta of 1.54. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $9.99.

NexGen Energy (NYSE:NXE) last announced its earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, sell-side analysts anticipate that NexGen Energy will post -0.05 EPS for the current year.

About NexGen Energy

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 a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.