Greenwich Wealth Management LLC increased its stake in NexGen Energy (NYSE:NXE – Free Report) by 138.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 300,000 shares of the company’s stock after purchasing an additional 174,238 shares during the quarter. Greenwich Wealth Management LLC’s holdings in NexGen Energy were worth $2,760,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. New Harbor Financial Group LLC boosted its holdings in NexGen Energy by 4.3% in the fourth quarter. New Harbor Financial Group LLC now owns 24,500 shares of the company’s stock worth $225,000 after purchasing an additional 1,000 shares during the last quarter. Legacy Capital Group California Inc. boosted its stake in shares of NexGen Energy by 1.3% during the 4th quarter. Legacy Capital Group California Inc. now owns 86,250 shares of the company’s stock worth $794,000 after acquiring an additional 1,093 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of 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 acquiring an additional 1,817 shares during the last quarter. Osaic Holdings Inc. boosted 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 acquiring an additional 1,904 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its stake in shares of NexGen Energy by 4.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock worth $374,000 after acquiring an additional 2,100 shares during the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.
NexGen Energy Stock Performance
NXE opened at $12.41 on Wednesday. NexGen Energy has a fifty-two week low of $6.18 and a fifty-two week high of $13.96. The firm’s fifty day moving average is $11.72 and its 200 day moving average is $11.08. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of -25.33 and a beta of 1.35.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. UBS Group assumed coverage on shares of NexGen Energy in a research note on Thursday, March 5th. They set a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Get Our Latest Analysis on NXE
About NexGen Energy
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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