Deltroit Asset Management UK LLP acquired a new stake in NexGen Energy (NYSE:NXE – Free Report) in the 4th quarter, Holdings Channel reports. The fund acquired 3,196,635 shares of the company’s stock, valued at approximately $29,416,000. NexGen Energy accounts for about 4.3% of Deltroit Asset Management UK LLP’s portfolio, making the stock its 5th largest holding.
Several other hedge funds and other institutional investors have also recently modified their holdings of NXE. SBI Securities Co. Ltd. raised its position in shares of NexGen Energy by 454.3% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after purchasing an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in NexGen Energy in the 2nd quarter worth approximately $76,000. First Trust Advisors LP acquired a new position in NexGen Energy in the 3rd quarter worth approximately $94,000. TABR Capital Management LLC acquired a new position in NexGen Energy in the 4th quarter worth approximately $101,000. Finally, Knuff & Co LLC acquired a new position in NexGen Energy in the 4th quarter worth approximately $104,000. 42.43% of the stock is owned by hedge funds and other institutional investors.
NexGen Energy Price Performance
NXE opened at $10.29 on Friday. The firm has a fifty day moving average price of $11.72 and a 200 day moving average price of $11.15. NexGen Energy has a 1 year low of $6.20 and a 1 year high of $13.96. The stock has a market cap of $6.81 billion, a P/E ratio of -20.99 and a beta of 1.35.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NXE. UBS Group began coverage on shares of NexGen Energy in a report on Thursday, March 5th. They issued a “buy” rating on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday. Finally, Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.
Check Out Our Latest Analysis 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.
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