Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of X-Energy, Inc. (NASDAQ:XE – Free Report) in the 3rd quarter, Holdings Channel reports. The firm purchased 442,061 shares of the company’s stock, valued at approximately $6,268,000.
A number of other large investors also recently bought and sold shares of XE. Segra Capital Management LLC boosted its holdings in shares of X-Energy by 8.3% in the 3rd quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company’s stock valued at $222,314,000 after purchasing an additional 1,202,283 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of X-Energy during the 2nd quarter valued at $15,011,000. State Street Corp purchased a new stake in shares of X-Energy during the 2nd quarter valued at $8,522,000. BlueCrest Capital Management Ltd purchased a new stake in shares of X-Energy during the 2nd quarter valued at $7,436,000. Finally, Two Seas Capital LP increased its holdings in shares of X-Energy by 39.4% during the 3rd quarter. Two Seas Capital LP now owns 1,394,413 shares of the company’s stock worth $19,773,000 after buying an additional 394,413 shares during the last quarter.
X-Energy Trading Down 10.4%
Shares of XE stock opened at $9.00 on Friday. The firm has a market capitalization of $3.66 billion and a PE ratio of -60.00. X-Energy, Inc. has a fifty-two week low of $8.68 and a fifty-two week high of $37.10. The firm’s 50 day simple moving average is $14.06.
X-Energy (NASDAQ:XE – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The firm had revenue of $54.60 million for the quarter. The firm’s revenue for the quarter was up 154.0% compared to the same quarter last year. On average, research analysts anticipate that X-Energy, Inc. will post -0.76 earnings per share for the current fiscal year.
Analyst Ratings Changes
XE has been the topic of several research reports. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $38.00 target price on shares of X-Energy in a research report on Friday, August 14th. Piper Sandler reduced their target price on X-Energy from $9.00 to $8.00 and set an “underweight” rating on the stock in a report on Monday, October 19th. Texas Capital raised X-Energy to a “strong-buy” rating in a research report on Monday, September 14th. Wedbush assumed coverage on X-Energy in a research note on Tuesday. They set an “outperform” rating and a $17.00 price target for the company. Finally, Guggenheim restated a “buy” rating and issued a $57.00 price objective on shares of X-Energy in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, X-Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.67.
Get Our Latest Research Report on X-Energy
X-Energy Profile
X-energy is an advanced nuclear energy company that develops small modular reactors and nuclear fuel designed to provide reliable, carbon-free electricity and industrial heat. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor that uses helium as a coolant and is designed for modular deployment.
The company also develops TRISO-X fuel, a coated-particle fuel technology intended to withstand extreme temperatures and support the operation of advanced reactors. X-energy’s products are aimed at utilities, industrial customers, and other organizations seeking dependable power and process heat with lower carbon emissions.
Founded in 2009, X-energy is headquartered in Rockville, Maryland.
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