Cambridge Investment Research Advisors Inc. Boosts Stock Holdings in NexGen Energy (NYSE:NXE)

Cambridge Investment Research Advisors Inc. boosted its stake in shares of NexGen Energy (NYSE:NXE) by 11.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,726 shares of the company’s stock after purchasing an additional 4,075 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in NexGen Energy were worth $178,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in NXE. Raymond James Financial Inc. acquired a new stake in shares of NexGen Energy in the fourth quarter worth $3,728,000. PNC Financial Services Group Inc. increased its position in shares of NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of NexGen Energy by 49.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 172,957 shares of the company’s stock worth $1,140,000 after acquiring an additional 56,930 shares in the last quarter. Swiss National Bank increased its position in shares of NexGen Energy by 1.0% in the fourth quarter. Swiss National Bank now owns 1,059,600 shares of the company’s stock worth $6,985,000 after acquiring an additional 10,700 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in shares of NexGen Energy by 46.6% in the fourth quarter. Natixis Advisors LLC now owns 84,772 shares of the company’s stock worth $559,000 after acquiring an additional 26,952 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Trading Up 2.2%

NXE opened at $6.76 on Tuesday. The company has a fifty day simple moving average of $6.32 and a 200 day simple moving average of $5.86. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of -42.27 and a beta of 1.55. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). On average, analysts forecast that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NXE shares. Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Desjardins assumed coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They issued a “buy” rating for the company. Four equities research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

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 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.