NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. lowered its holdings in NexGen Energy Ltd. (NYSE:NXE) by 17.7% during the fourth quarter, HoldingsChannel reports. The fund owned 22,408 shares of the company’s stock after selling 4,820 shares during the period. Great Valley Advisor Group Inc.’s holdings in NexGen Energy were worth $157,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in NexGen Energy during the third quarter worth approximately $28,000. Financial Security Advisor Inc. purchased a new position in shares of NexGen Energy in the 3rd quarter valued at $61,000. Anchor Investment Management LLC acquired a new stake in NexGen Energy during the 4th quarter worth $63,000. Clear Street Markets LLC purchased a new stake in NexGen Energy in the third quarter valued at $65,000. Finally, Southland Equity Partners LLC acquired a new position in NexGen Energy in the fourth quarter valued at $123,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $8.74 on Wednesday. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19. The stock has a market cap of $4.72 billion, a P/E ratio of 437.22 and a beta of 1.90. The stock has a 50 day moving average of $7.82 and a two-hundred day moving average of $7.20. NexGen Energy Ltd. has a twelve month low of $3.61 and a twelve month high of $8.88.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). On average, research analysts forecast that NexGen Energy Ltd. will post -0.09 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Scotiabank assumed coverage on NexGen Energy in a research report on Monday, April 1st. They set a “sector outperform” rating on the stock.

NexGen Energy Profile

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.