Alps Advisors Inc. Sells 1,609,680 Shares of NexGen Energy $NXE

Alps Advisors Inc. reduced its stake in NexGen Energy (NYSE:NXE) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,649,639 shares of the company’s stock after selling 1,609,680 shares during the period. NexGen Energy makes up approximately 0.8% of Alps Advisors Inc.’s investment portfolio, making the stock its 19th biggest position. Alps Advisors Inc. owned about 2.39% of NexGen Energy worth $140,064,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cetera Investment Advisers raised its holdings in NexGen Energy by 1.4% in the 2nd quarter. Cetera Investment Advisers now owns 128,690 shares of the company’s stock valued at $893,000 after acquiring an additional 1,772 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of NexGen Energy by 6.9% in the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock valued at $194,000 after purchasing an additional 1,817 shares in the last quarter. Osaic Holdings Inc. increased its stake in shares of NexGen Energy by 5.7% in the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock valued at $243,000 after purchasing an additional 1,904 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in shares of NexGen Energy by 4.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock worth $374,000 after buying an additional 2,100 shares in the last quarter. Finally, Versant Capital Management Inc raised its holdings in shares of NexGen Energy by 287,500.0% during the 3rd quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after buying an additional 2,875 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Zacks Research upgraded 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 reiterated an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $11.03 on Friday. The company has a 50 day simple moving average of $10.51 and a 200 day simple moving average of $8.93. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $13.96. The firm has a market cap of $7.28 billion, a PE ratio of -26.90 and a beta of 1.44.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). As a group, research analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

NexGen Energy Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.