Verde Servicos Internacionais S.A. Sells 50,000 Shares of NexGen Energy $NXE

Verde Servicos Internacionais S.A. decreased its position in shares of NexGen Energy (NYSE:NXE) by 40.0% during the 3rd quarter, Holdings Channel reports. The fund owned 75,000 shares of the company’s stock after selling 50,000 shares during the quarter. NexGen Energy accounts for about 0.2% of Verde Servicos Internacionais S.A.’s investment portfolio, making the stock its 28th biggest holding. Verde Servicos Internacionais S.A.’s holdings in NexGen Energy were worth $671,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NXE. Versant Capital Management Inc raised its holdings in NexGen Energy by 287,500.0% in the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after purchasing an additional 2,875 shares during the period. CWM LLC acquired a new stake in NexGen Energy during the 3rd quarter worth $41,000. Canton Hathaway LLC acquired a new stake in NexGen Energy during the 2nd quarter worth $57,000. Olympiad Research LP bought a new position in NexGen Energy during the second quarter worth about $73,000. Finally, Flow Traders U.S. LLC acquired a new position in NexGen Energy in the second quarter valued at about $76,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NYSE:NXE opened at $11.97 on Thursday. The stock has a 50-day simple moving average of $10.67 and a 200 day simple moving average of $9.03. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $13.96. The company has a market cap of $7.90 billion, a PE ratio of -29.18 and a beta of 1.44.

Analyst Ratings Changes

Several research firms have recently weighed in on NXE. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a report on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

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.