Trexquant Investment LP Trims Holdings in NexGen Energy Ltd. (NYSE:NXE)

Trexquant Investment LP cut its holdings in NexGen Energy Ltd. (NYSE:NXEFree Report) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,796 shares of the company’s stock after selling 6,790 shares during the quarter. Trexquant Investment LP’s holdings in NexGen Energy were worth $1,567,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NXE. Headlands Technologies LLC purchased a new stake in NexGen Energy during the 3rd quarter valued at about $28,000. Financial Security Advisor Inc. purchased a new stake in NexGen Energy during the 3rd quarter valued at about $61,000. Anchor Investment Management LLC purchased a new stake in NexGen Energy during the 4th quarter valued at about $63,000. Clear Street Markets LLC purchased a new stake in NexGen Energy during the 3rd quarter valued at about $65,000. Finally, Spartan Fund Management Inc. purchased a new stake in NexGen Energy during the 4th quarter valued at about $86,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

NXE opened at $7.77 on Tuesday. The stock has a market capitalization of $4.19 billion, a P/E ratio of -776.22 and a beta of 1.90. The company’s 50-day simple moving average is $7.89 and its two-hundred day simple moving average is $7.37. NexGen Energy Ltd. has a 52-week low of $3.61 and a 52-week high of $8.88.

NexGen Energy (NYSE:NXEGet Free Report) last posted its earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Research analysts forecast that NexGen Energy Ltd. will post -0.15 EPS for the current fiscal year.

Analyst Ratings Changes

NXE has been the topic of several recent analyst reports. Scotiabank initiated coverage on shares of NexGen Energy in a research report on Monday, April 1st. They set a “sector outperform” rating on the stock. Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th.

Check Out Our Latest Research Report on NexGen Energy

NexGen Energy Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding NXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexGen Energy Ltd. (NYSE:NXEFree Report).

Institutional Ownership by Quarter for NexGen Energy (NYSE:NXE)

Receive News & Ratings for NexGen Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexGen Energy and related companies with MarketBeat.com's FREE daily email newsletter.