CIBC Asset Management Inc decreased its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 12.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 807,839 shares of the company's stock after selling 118,475 shares during the quarter. CIBC Asset Management Inc owned 0.14% of NexGen Energy worth $5,316,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of NXE. Tcfg Wealth Management LLC boosted its position in NexGen Energy by 6.3% during the 4th quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock worth $412,000 after acquiring an additional 3,700 shares during the period. Vontobel Holding Ltd. boosted its position in NexGen Energy by 94.0% during the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock worth $375,000 after acquiring an additional 27,565 shares during the period. Azarias Capital Management L.P. boosted its position in NexGen Energy by 15.3% during the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock worth $13,455,000 after acquiring an additional 271,153 shares during the period. Stanley Laman Group Ltd. boosted its position in NexGen Energy by 2.9% during the 4th quarter. Stanley Laman Group Ltd. now owns 504,394 shares of the company's stock worth $3,329,000 after acquiring an additional 14,354 shares during the period. Finally, Van ECK Associates Corp boosted its position in NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after acquiring an additional 3,762,756 shares during the period. Institutional investors and hedge funds own 42.43% of the company's stock.
NexGen Energy Trading Down 5.3 %
NYSE NXE traded down $0.32 during trading on Friday, reaching $5.58. 6,951,492 shares of the company's stock were exchanged, compared to its average volume of 8,354,453. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.96. The firm has a market capitalization of $3.17 billion, a PE ratio of 37.17 and a beta of 1.94. The company's fifty day simple moving average is $6.77 and its 200-day simple moving average is $6.86.
About NexGen Energy
(
Free Report)
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.
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