Alpha Wave Global LP Has $5.11 Million Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Alpha Wave Global LP lowered its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 58.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 774,116 shares of the company's stock after selling 1,087,559 shares during the period. NexGen Energy makes up 2.3% of Alpha Wave Global LP's investment portfolio, making the stock its 9th biggest holding. Alpha Wave Global LP owned about 0.14% of NexGen Energy worth $5,109,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NXE. Altshuler Shaham Ltd acquired a new position in shares of NexGen Energy during the fourth quarter valued at about $51,000. Marshall Wace LLP boosted its stake in NexGen Energy by 131.8% during the 4th quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock valued at $14,681,000 after purchasing an additional 1,264,655 shares during the last quarter. NewEdge Advisors LLC increased its holdings in NexGen Energy by 14.2% during the 4th quarter. NewEdge Advisors LLC now owns 141,157 shares of the company's stock worth $932,000 after purchasing an additional 17,552 shares in the last quarter. Mariner LLC purchased a new stake in shares of NexGen Energy in the fourth quarter worth approximately $68,000. Finally, Titan Global Capital Management USA LLC lifted its holdings in shares of NexGen Energy by 8.2% in the fourth quarter. Titan Global Capital Management USA LLC now owns 694,279 shares of the company's stock valued at $4,582,000 after purchasing an additional 52,613 shares in the last quarter. Institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Up 7.0 %

NYSE NXE traded up $0.32 during trading hours on Wednesday, reaching $4.92. 4,772,275 shares of the company were exchanged, compared to its average volume of 6,884,390. The stock has a market capitalization of $2.80 billion, a P/E ratio of 32.80 and a beta of 2.02. NexGen Energy Ltd. has a 1 year low of $3.91 and a 1 year high of $8.96. The business's 50 day simple moving average is $4.89 and its 200-day simple moving average is $6.48.

Analysts Set New Price Targets

NXE has been the subject of several recent research reports. Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating for the company. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Three investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Strong Buy".

About NexGen Energy

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.