NexGen Energy (NYSE:NXE) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of NexGen Energy (NYSE:NXE) by 5.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 873,600 shares of the company’s stock after selling 45,600 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.15% of NexGen Energy worth $3,916,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of NexGen Energy in the 4th quarter worth $51,000. Mariner LLC acquired a new position in shares of NexGen Energy in the 4th quarter worth $68,000. Aptus Capital Advisors LLC acquired a new position in shares of NexGen Energy in the 4th quarter worth $79,000. Hsbc Holdings PLC grew its holdings in shares of NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock worth $124,000 after acquiring an additional 3,473 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in shares of NexGen Energy in the 4th quarter worth $137,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Trading Down 2.3%

Shares of NXE stock opened at $6.76 on Thursday. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of -27.04 and a beta of 1.45. The stock’s fifty day simple moving average is $6.80 and its 200-day simple moving average is $5.87.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). On average, sell-side analysts predict that NexGen Energy will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on NXE shares. TD Securities restated a “buy” rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins initiated coverage on NexGen Energy in a report on Tuesday, June 10th. They issued a “buy” rating on the stock. Five analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

About NexGen Energy

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