Voya Investment Management LLC Cuts Stake in NexGen Energy $NXE

Voya Investment Management LLC lessened its stake in shares of NexGen Energy (NYSE:NXE) by 19.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 879,347 shares of the company’s stock after selling 213,484 shares during the period. Voya Investment Management LLC owned 0.15% of NexGen Energy worth $3,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXE. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of NexGen Energy by 13.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock valued at $3,166,000 after purchasing an additional 81,167 shares in the last quarter. Caxton Associates LLP bought a new stake in NexGen Energy in the first quarter worth approximately $165,000. Goldman Sachs Group Inc. raised its stake in shares of NexGen Energy by 1.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock valued at $13,412,000 after buying an additional 36,510 shares in the last quarter. PenderFund Capital Management Ltd. lifted its position in NexGen Energy by 45.0% during the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock valued at $52,000 after purchasing an additional 3,600 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in NexGen Energy by 7.3% during the 1st quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock worth $680,000 after buying an additional 10,266 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Up 5.1%

Shares of NXE stock opened at $8.81 on Friday. The stock has a 50 day simple moving average of $7.27 and a 200-day simple moving average of $6.15. The company has a market cap of $5.06 billion, a price-to-earnings ratio of -35.24 and a beta of 1.47. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). On average, equities analysts forecast that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD Securities reissued a “buy” rating on shares of NexGen Energy in a research note on Friday, August 8th. Desjardins assumed coverage on NexGen Energy in a research note on Tuesday, June 10th. They issued a “buy” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

About 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.