NexGen Energy $NXE Shares Sold by Regal Partners Ltd

Regal Partners Ltd reduced its holdings in shares of NexGen Energy (NYSE:NXE) by 77.6% during the 1st quarter, HoldingsChannel reports. The firm owned 45,841 shares of the company’s stock after selling 159,159 shares during the period. Regal Partners Ltd’s holdings in NexGen Energy were worth $532,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Leonteq Securities AG grew its holdings in shares of NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after buying an additional 1,098 shares during the last quarter. SBI Securities Co. Ltd. raised its stake in NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after acquiring an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in NexGen Energy during the 2nd quarter valued at approximately $76,000. Jump Financial LLC acquired a new stake in NexGen Energy during the 4th quarter worth approximately $93,000. Finally, First Trust Advisors LP acquired a new stake in NexGen Energy during the 3rd quarter worth approximately $94,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXE has been the topic of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a 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 investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

NexGen Energy Stock Down 1.3%

Shares of NYSE:NXE opened at $9.20 on Wednesday. NexGen Energy has a fifty-two week low of $6.26 and a fifty-two week high of $13.96. The firm’s 50-day simple moving average is $10.03 and its 200-day simple moving average is $11.31. The company has a market cap of $6.15 billion, a price-to-earnings ratio of -18.77 and a beta of 1.39.

NexGen Energy 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.