Nano Nuclear Energy Inc. $NNE Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 96.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the company’s stock after selling 850,005 shares during the period. Citizens Financial Group Inc. RI owned about 0.07% of Nano Nuclear Energy worth $1,157,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Nano Nuclear Energy by 185.2% during the 1st quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock valued at $560,000 after buying an additional 13,730 shares during the last quarter. AQR Capital Management LLC acquired a new position in Nano Nuclear Energy in the first quarter valued at approximately $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Nano Nuclear Energy by 535.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock valued at $385,000 after purchasing an additional 12,256 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Nano Nuclear Energy by 385.8% during the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after purchasing an additional 1,520 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Nano Nuclear Energy by 376.9% in the 1st quarter. Rhumbline Advisers now owns 29,628 shares of the company’s stock worth $784,000 after purchasing an additional 23,416 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NNE shares. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Wednesday, October 8th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Insiders Place Their Bets

In related news, CEO James John Walker sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of $30.12, for a total transaction of $753,000.00. Following the transaction, the chief executive officer owned 275,000 shares in the company, valued at $8,283,000. This trade represents a 8.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tsun Yee Law sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $32.43, for a total value of $1,783,650.00. Following the completion of the sale, the director owned 75,000 shares of the company’s stock, valued at $2,432,250. This trade represents a 42.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,936,000 shares of company stock valued at $56,375,077. 32.77% of the stock is currently owned by insiders.

Nano Nuclear Energy Stock Performance

Shares of NNE opened at $34.37 on Thursday. Nano Nuclear Energy Inc. has a one year low of $17.26 and a one year high of $60.87. The stock’s fifty day moving average is $32.29 and its 200-day moving average is $36.33. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of -33.05 and a beta of 7.48.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, December 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.14. Analysts forecast that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

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.