Alpha Wave Global LP Cuts Stock Holdings in NexGen Energy $NXE

Alpha Wave Global LP cut its stake in shares of NexGen Energy (NYSE:NXE) by 60.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 299,385 shares of the company’s stock after selling 453,810 shares during the quarter. NexGen Energy accounts for about 0.3% of Alpha Wave Global LP’s holdings, making the stock its 21st biggest holding. Alpha Wave Global LP’s holdings in NexGen Energy were worth $2,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Chesapeake Capital Corp IL purchased a new position in shares of NexGen Energy during the 3rd quarter valued at about $336,000. Eisler Capital Management Ltd. raised its position in NexGen Energy by 609.9% in the 3rd quarter. Eisler Capital Management Ltd. now owns 240,454 shares of the company’s stock worth $2,087,000 after purchasing an additional 206,581 shares during the period. Marshall Wace LLP lifted its stake in NexGen Energy by 40.0% in the third quarter. Marshall Wace LLP now owns 8,685,633 shares of the company’s stock worth $77,736,000 after purchasing an additional 2,481,013 shares during the last quarter. Invesco Ltd. lifted its stake in NexGen Energy by 4,567.8% in the third quarter. Invesco Ltd. now owns 1,220,779 shares of the company’s stock worth $10,926,000 after purchasing an additional 1,194,626 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of NexGen Energy by 75.0% during the third quarter. UBS Group AG now owns 3,250,284 shares of the company’s stock valued at $29,090,000 after buying an additional 1,393,114 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Down 2.9%

Shares of NXE stock opened at $12.10 on Friday. The firm’s 50 day moving average is $12.08 and its 200 day moving average is $9.86. The stock has a market capitalization of $7.99 billion, a P/E ratio of -31.84 and a beta of 1.41. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $13.96.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.02). As a group, equities analysts predict that NexGen Energy will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

NXE has been the subject of several analyst reports. UBS Group assumed coverage on NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NexGen Energy presently has an average rating of “Moderate Buy”.

About NexGen Energy

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.