Raffles Associates LP purchased a new position in shares of NexGen Energy (NYSE:NXE – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm purchased 100,000 shares of the company’s stock, valued at approximately $939,000. NexGen Energy accounts for about 0.8% of Raffles Associates LP’s holdings, making the stock its 25th biggest position.
Other hedge funds have also recently modified their holdings of the company. New Harbor Financial Group LLC boosted its holdings in shares of NexGen Energy by 4.3% in the fourth quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock valued at $225,000 after acquiring an additional 1,000 shares in the last quarter. Leonteq Securities AG boosted its holdings in NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after purchasing an additional 1,098 shares in the last quarter. Tidal Investments LLC increased its position in NexGen Energy by 6.9% during the 2nd quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock worth $194,000 after purchasing an additional 1,817 shares during the period. Osaic Holdings Inc. raised its stake in shares of NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock worth $243,000 after buying an additional 1,904 shares in the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of NexGen Energy by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after buying an additional 2,100 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.
NexGen Energy Stock Up 2.6%
NYSE:NXE opened at $11.21 on Wednesday. The company has a market capitalization of $7.51 billion, a PE ratio of -28.03 and a beta of 1.40. NexGen Energy has a 52-week low of $7.12 and a 52-week high of $13.96. The stock has a fifty day simple moving average of $9.82 and a 200-day simple moving average of $11.05.
Wall Street Analyst Weigh In
Get Our Latest Research Report on NXE
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.
Further Reading
- Five stocks we like better than NexGen Energy
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding NXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexGen Energy (NYSE:NXE – Free Report).
Receive News & Ratings for NexGen Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NexGen Energy and related companies with MarketBeat.com's FREE daily email newsletter.
