Alpha Wave Global LP Grows Stake in NexGen Energy $NXE

Alpha Wave Global LP boosted its stake in shares of NexGen Energy (NYSE:NXE) by 56.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 753,195 shares of the company’s stock after acquiring an additional 271,074 shares during the quarter. NexGen Energy comprises about 0.6% of Alpha Wave Global LP’s investment portfolio, making the stock its 15th biggest position. Alpha Wave Global LP owned 0.13% of NexGen Energy worth $5,227,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Cetera Investment Advisers boosted its holdings in shares of NexGen Energy by 21.3% in the 1st quarter. Cetera Investment Advisers now owns 126,918 shares of the company’s stock worth $570,000 after purchasing an additional 22,307 shares during the period. Legacy Capital Group California Inc. lifted its position in NexGen Energy by 31.5% in the first quarter. Legacy Capital Group California Inc. now owns 51,793 shares of the company’s stock worth $233,000 after buying an additional 12,402 shares during the last quarter. Vanguard Group Inc. lifted its position in NexGen Energy by 2.5% in the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company’s stock worth $93,928,000 after buying an additional 520,279 shares during the last quarter. Headlands Technologies LLC purchased a new position in NexGen Energy during the first quarter worth $206,000. Finally, Deutsche Bank AG increased its position in NexGen Energy by 34.7% during the first quarter. Deutsche Bank AG now owns 30,968 shares of the company’s stock valued at $139,000 after acquiring an additional 7,977 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Price Performance

NexGen Energy stock opened at $9.89 on Friday. The stock has a market cap of $6.47 billion, a price-to-earnings ratio of -24.12 and a beta of 1.54. The firm has a 50-day moving average of $8.74 and a two-hundred day moving average of $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 issued its earnings results on Wednesday, November 5th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Research analysts expect that NexGen Energy will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

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