Grantham Mayo Van Otterloo & Co. LLC Sells 3,187,500 Shares of NexGen Energy Ltd. (NYSE:NXE)

Grantham Mayo Van Otterloo & Co. LLC decreased its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 32.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,595,459 shares of the company's stock after selling 3,187,500 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned approximately 1.16% of NexGen Energy worth $43,474,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Old West Investment Management LLC raised its stake in shares of NexGen Energy by 61.4% in the 3rd quarter. Old West Investment Management LLC now owns 1,143,028 shares of the company's stock valued at $7,464,000 after purchasing an additional 434,670 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in NexGen Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 998,450 shares of the company's stock valued at $6,519,000 after acquiring an additional 19,718 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in NexGen Energy by 2.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 451,358 shares of the company's stock worth $2,947,000 after acquiring an additional 10,545 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of NexGen Energy by 7.4% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 274,031 shares of the company's stock worth $1,787,000 after acquiring an additional 18,788 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in shares of NexGen Energy in the third quarter valued at approximately $4,915,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Price Performance

NYSE:NXE traded down $0.22 during trading hours on Thursday, hitting $4.39. The company's stock had a trading volume of 12,134,552 shares, compared to its average volume of 6,773,652. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96. The stock has a fifty day simple moving average of $5.23 and a 200-day simple moving average of $6.61. The company has a market capitalization of $2.50 billion, a P/E ratio of 29.37 and a beta of 2.02.

Analysts Set New Price Targets

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

NexGen Energy Company Profile

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.