NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Stanley Laman Group Ltd.

Stanley Laman Group Ltd. lowered its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 443,772 shares of the company’s stock after selling 17,506 shares during the quarter. Stanley Laman Group Ltd. owned approximately 0.08% of NexGen Energy worth $3,106,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Headlands Technologies LLC acquired a new position in NexGen Energy during the third quarter worth $28,000. Anchor Investment Management LLC acquired a new stake in NexGen Energy in the fourth quarter valued at $63,000. Financial Security Advisor Inc. acquired a new stake in NexGen Energy in the third quarter valued at $61,000. Clear Street Markets LLC acquired a new stake in NexGen Energy in the third quarter valued at $65,000. Finally, Southland Equity Partners LLC acquired a new stake in NexGen Energy in the fourth quarter valued at $123,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Scotiabank initiated coverage on NexGen Energy in a research note on Monday, April 1st. They issued a “sector outperform” rating on the stock.

NexGen Energy Stock Performance

Shares of NXE stock traded up $0.25 during mid-day trading on Friday, hitting $7.96. 5,315,894 shares of the stock were exchanged, compared to its average volume of 6,279,859. The stock’s fifty day simple moving average is $7.65 and its two-hundred day simple moving average is $7.05. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 398.00 and a beta of 1.90. NexGen Energy Ltd. has a 12-month low of $3.61 and a 12-month high of $8.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). On average, analysts forecast that NexGen Energy Ltd. will post -0.1 EPS for the current year.

NexGen Energy Company Profile

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.