1832 Asset Management L.P. Lowers Stock Position in NexGen Energy $NXE

1832 Asset Management L.P. decreased its position in NexGen Energy (NYSE:NXE) by 10.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,382,176 shares of the company’s stock after selling 269,118 shares during the period. 1832 Asset Management L.P. owned about 0.42% of NexGen Energy worth $16,532,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. L1 Capital Pty Ltd grew its position in shares of NexGen Energy by 11.8% during the 1st quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company’s stock valued at $137,372,000 after acquiring an additional 3,226,055 shares during the period. Vanguard Group Inc. boosted its position in NexGen Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company’s stock worth $93,928,000 after purchasing an additional 520,279 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in NexGen Energy by 18.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company’s stock valued at $63,918,000 after purchasing an additional 1,407,000 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of NexGen Energy by 1.4% in the first quarter. The Manufacturers Life Insurance Company now owns 7,220,545 shares of the company’s stock valued at $32,317,000 after buying an additional 98,128 shares in the last quarter. Finally, Encompass Capital Advisors LLC increased its position in shares of NexGen Energy by 249.5% in the first quarter. Encompass Capital Advisors LLC now owns 4,153,080 shares of the company’s stock valued at $18,635,000 after buying an additional 2,964,900 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

NXE opened at $9.89 on Friday. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of -24.12 and a beta of 1.54. The company’s 50 day simple moving average is $8.74 and its two-hundred day simple moving average is $7.61. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $9.99.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on NXE shares. TD Securities reissued a “buy” rating on shares of NexGen Energy in a research note on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Zacks Research raised shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Friday, October 10th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.