Extract Advisors LLC Sells 450,367 Shares of NexGen Energy $NXE

Extract Advisors LLC lessened its stake in NexGen Energy (NYSE:NXE) by 49.9% in the first quarter, Holdings Channel reports. The firm owned 452,138 shares of the company’s stock after selling 450,367 shares during the quarter. NexGen Energy accounts for about 1.8% of Extract Advisors LLC’s investment portfolio, making the stock its 15th largest position. Extract Advisors LLC’s holdings in NexGen Energy were worth $5,245,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NXE. L1 Capital Pty Ltd increased its holdings in NexGen Energy by 9.1% in the 4th quarter. L1 Capital Pty Ltd now owns 33,642,681 shares of the company’s stock valued at $309,145,000 after buying an additional 2,804,090 shares during the period. Van ECK Associates Corp lifted its holdings in shares of NexGen Energy by 23.4% during the 4th quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company’s stock worth $268,240,000 after acquiring an additional 5,523,932 shares during the period. Vanguard Group Inc. lifted its holdings in shares of NexGen Energy by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after acquiring an additional 3,304,071 shares during the period. Millennium Management LLC boosted its position in shares of NexGen Energy by 97.8% during the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock worth $90,718,000 after acquiring an additional 5,011,890 shares in the last quarter. Finally, Hancock Prospecting Pty Ltd boosted its position in shares of NexGen Energy by 10.0% during the 4th quarter. Hancock Prospecting Pty Ltd now owns 9,078,245 shares of the company’s stock worth $83,656,000 after acquiring an additional 828,245 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NXE. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NexGen Energy Trading Up 1.6%

Shares of NYSE NXE opened at $9.29 on Tuesday. The company has a market cap of $6.21 billion, a price-to-earnings ratio of -18.95 and a beta of 1.39. NexGen Energy has a 12 month low of $6.26 and a 12 month high of $13.96. The stock has a 50-day moving average price of $10.05 and a two-hundred day moving average price of $11.33.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.