First Trust Advisors LP raised its holdings in NexGen Energy (NYSE:NXE – Free Report) by 701.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 204,934 shares of the company’s stock after buying an additional 179,355 shares during the quarter. First Trust Advisors LP’s holdings in NexGen Energy were worth $2,377,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Leonteq Securities AG boosted its stake in NexGen Energy by 88.2% during the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after acquiring an additional 1,098 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after purchasing an additional 6,528 shares in the last quarter. Flow Traders U.S. LLC acquired a new stake in shares of NexGen Energy in the 2nd quarter valued at about $76,000. Jump Financial LLC bought a new stake in NexGen Energy in the 4th quarter valued at about $93,000. Finally, Wright Wealth LLC acquired a new position in NexGen Energy during the 4th quarter worth approximately $97,000. Institutional investors own 42.43% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Wall Street Zen upgraded NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Three 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, the stock has an average rating of “Hold”.
NexGen Energy Stock Performance
NXE stock opened at $10.41 on Friday. The company has a market capitalization of $6.97 billion, a P/E ratio of -26.04 and a beta of 1.40. NexGen Energy has a 52-week low of $6.26 and a 52-week high of $13.96. The business has a 50-day simple moving average of $9.82 and a two-hundred day simple moving average of $11.22.
NexGen Energy 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.
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