Y Intercept Hong Kong Ltd bought a new stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 121,960 shares of the company's stock, valued at approximately $796,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James & Associates grew its position in shares of NexGen Energy by 26.9% during the second quarter. Raymond James & Associates now owns 230,612 shares of the company's stock worth $1,610,000 after buying an additional 48,889 shares in the last quarter. Legacy Capital Group California Inc. acquired a new position in NexGen Energy during the 2nd quarter worth approximately $125,000. HTLF Bank increased its position in shares of NexGen Energy by 28.5% in the 2nd quarter. HTLF Bank now owns 162,426 shares of the company's stock valued at $1,134,000 after purchasing an additional 36,000 shares during the last quarter. Ausbil Investment Management Ltd increased its position in shares of NexGen Energy by 19.1% in the 2nd quarter. Ausbil Investment Management Ltd now owns 137,000 shares of the company's stock valued at $956,000 after purchasing an additional 22,000 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of NexGen Energy by 69.3% in the 2nd quarter. Van ECK Associates Corp now owns 3,135,565 shares of the company's stock valued at $21,880,000 after purchasing an additional 1,283,210 shares in the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.
NXE stock opened at $7.50 on Friday. The business has a 50 day moving average price of $7.75 and a 200 day moving average price of $6.92. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 50.00 and a beta of 1.91. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.96.
NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period last year, the firm posted ($0.04) EPS. As a group, sell-side analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.
Separately, National Bank Financial raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd.
View Our Latest Stock Report on 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.
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