NexGen Energy $NXE Stock Position Boosted by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC grew its stake in shares of NexGen Energy (NYSE:NXE) by 91.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,858 shares of the company’s stock after buying an additional 26,263 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in NexGen Energy were worth $381,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Compound Planning Inc. bought a new stake in NexGen Energy during the first quarter worth approximately $46,000. PenderFund Capital Management Ltd. raised its stake in shares of NexGen Energy by 45.0% in the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock worth $52,000 after buying an additional 3,600 shares in the last quarter. Ground Swell Capital LLC acquired a new stake in shares of NexGen Energy in the first quarter valued at $55,000. Canton Hathaway LLC bought a new position in NexGen Energy during the second quarter valued at about $57,000. Finally, DekaBank Deutsche Girozentrale grew its holdings in NexGen Energy by 318.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 11,651 shares of the company’s stock worth $77,000 after acquiring an additional 8,866 shares during the period. 42.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NXE has been the topic of several research reports. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. Zacks Research raised shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. TD Securities reissued a “buy” rating on shares of NexGen Energy in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, NexGen Energy presently has an average rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $8.14 on Monday. The company has a market cap of $5.32 billion, a PE ratio of -32.54 and a beta of 1.44. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $9.95. The firm has a 50 day simple moving average of $8.70 and a 200 day simple moving average of $7.34.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.01). On average, equities analysts predict that NexGen Energy will post -0.05 earnings per share for the current year.

NexGen Energy Company 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.