46,100 Shares in Nano Nuclear Energy Inc. $NNE Acquired by Swiss National Bank

Swiss National Bank purchased a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 46,100 shares of the company’s stock, valued at approximately $1,220,000. Swiss National Bank owned about 0.12% of Nano Nuclear Energy at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. SG Americas Securities LLC boosted its position in Nano Nuclear Energy by 113.8% in the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company’s stock valued at $783,000 after buying an additional 15,747 shares during the last quarter. Millennium Management LLC bought a new position in Nano Nuclear Energy in the 4th quarter valued at $1,253,000. New York State Common Retirement Fund boosted its position in Nano Nuclear Energy by 533.3% in the 1st quarter. New York State Common Retirement Fund now owns 7,600 shares of the company’s stock valued at $201,000 after buying an additional 6,400 shares during the last quarter. Cetera Investment Advisers bought a new position in Nano Nuclear Energy in the 4th quarter valued at $424,000. Finally, Nuveen Asset Management LLC acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $4,544,000.

Nano Nuclear Energy Trading Down 1.1%

Shares of Nano Nuclear Energy stock opened at $30.98 on Tuesday. The stock’s fifty day simple moving average is $35.19 and its 200 day simple moving average is $30.16. Nano Nuclear Energy Inc. has a 12 month low of $6.52 and a 12 month high of $48.05. The company has a market capitalization of $1.29 billion, a PE ratio of -33.31 and a beta of 7.15.

Nano Nuclear Energy (NASDAQ:NNE) last released its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. Analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NNE has been the topic of a number of analyst reports. HC Wainwright reissued a “buy” rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research note on Friday, August 15th. LADENBURG THALM/SH SH downgraded Nano Nuclear Energy from a “buy” rating to a “sell” rating and cut their price target for the company from $51.00 to $9.00 in a research note on Monday, August 18th. Northland Securities initiated coverage on Nano Nuclear Energy in a research note on Monday, July 7th. They issued an “outperform” rating and a $40.00 price target on the stock. Finally, Northland Capmk raised Nano Nuclear Energy to a “strong-buy” rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.25.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.