ArrowMark Colorado Holdings LLC Sells 44,000 Shares of NexGen Energy $NXE

ArrowMark Colorado Holdings LLC lessened its holdings in NexGen Energy (NYSE:NXE) by 8.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 492,655 shares of the company’s stock after selling 44,000 shares during the period. ArrowMark Colorado Holdings LLC owned approximately 0.08% of NexGen Energy worth $4,409,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. NewGen Equity Long Short Fund bought a new position in NexGen Energy in the 2nd quarter valued at $8,328,000. Vanguard Group Inc. raised its stake in shares of NexGen Energy by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company’s stock worth $191,180,000 after purchasing an additional 430,005 shares during the period. CIBC Asset Management Inc raised its stake in shares of NexGen Energy by 203.9% during the 3rd quarter. CIBC Asset Management Inc now owns 1,996,124 shares of the company’s stock worth $17,877,000 after purchasing an additional 1,339,326 shares during the period. AGF Management Ltd. purchased a new position in shares of NexGen Energy in the 3rd quarter worth about $6,344,000. Finally, Y Intercept Hong Kong Ltd boosted its holdings in shares of NexGen Energy by 20.9% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 703,500 shares of the company’s stock worth $6,296,000 after buying an additional 121,711 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. UBS Group assumed coverage on shares of NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research note on Thursday, January 22nd. Finally, Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NexGen Energy has a consensus rating of “Moderate Buy”.

NexGen Energy Price Performance

Shares of NXE opened at $12.10 on Monday. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $13.96. The stock’s fifty day moving average price is $12.08 and its two-hundred day moving average price is $9.89. The firm has a market cap of $7.99 billion, a PE ratio of -31.84 and a beta of 1.41.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Sell-side analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

NexGen Energy Company 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.