Hartree Partners LP Has $517,000 Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Hartree Partners LP lessened its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 66.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 78,268 shares of the company's stock after selling 156,732 shares during the period. Hartree Partners LP's holdings in NexGen Energy were worth $517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Azarias Capital Management L.P. boosted its position in shares of NexGen Energy by 15.3% during the fourth quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock worth $13,455,000 after buying an additional 271,153 shares during the period. Mountaineer Partners Management LLC raised its stake in shares of NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock worth $24,071,000 after purchasing an additional 3,107,214 shares in the last quarter. Toronto Dominion Bank grew its position in shares of NexGen Energy by 719.6% in the 3rd quarter. Toronto Dominion Bank now owns 180,140 shares of the company's stock valued at $1,176,000 after acquiring an additional 158,160 shares during the period. Barclays PLC raised its stake in NexGen Energy by 328.3% in the 3rd quarter. Barclays PLC now owns 187,861 shares of the company's stock valued at $1,227,000 after acquiring an additional 143,996 shares during the period. Finally, Segra Capital Management LLC lifted its position in shares of NexGen Energy by 19.8% during the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock valued at $76,217,000 after acquiring an additional 1,931,200 shares during the period. 42.43% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Two research 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.com, NexGen Energy currently has a consensus rating of "Strong Buy".

NexGen Energy Price Performance

NYSE NXE traded down $0.11 during mid-day trading on Thursday, reaching $4.52. 6,290,313 shares of the stock were exchanged, compared to its average volume of 9,573,887. The stock has a 50 day simple moving average of $5.57 and a 200-day simple moving average of $6.69. NexGen Energy Ltd. has a one year low of $4.30 and a one year high of $8.96. The stock has a market cap of $2.57 billion, a P/E ratio of 30.14 and a beta of 1.97.

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.