Hood River Capital Management LLC Boosts Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Hood River Capital Management LLC lifted its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 11.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,198,641 shares of the company's stock after purchasing an additional 127,055 shares during the quarter. Hood River Capital Management LLC owned 0.21% of NexGen Energy worth $7,911,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in NXE. Vanguard Group Inc. raised its stake in shares of NexGen Energy by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company's stock worth $134,779,000 after purchasing an additional 298,106 shares in the last quarter. Van ECK Associates Corp boosted its holdings in NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock valued at $41,882,000 after buying an additional 4,378,933 shares during the period. Mirabella Financial Services LLP grew its holdings in shares of NexGen Energy by 12.3% during the 4th quarter. Mirabella Financial Services LLP now owns 3,342,960 shares of the company's stock worth $22,044,000 after purchasing an additional 365,390 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in NexGen Energy by 131.8% during the fourth quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock worth $14,681,000 after buying an additional 1,264,655 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus started coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three 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 company currently has a consensus rating of "Strong Buy".

NexGen Energy Stock Performance

NXE stock traded up $0.22 during mid-day trading on Monday, hitting $5.32. The company had a trading volume of 8,805,540 shares, compared to its average volume of 6,971,544. The firm has a market cap of $3.03 billion, a PE ratio of 35.47 and a beta of 2.02. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96. The stock's fifty day moving average price is $4.83 and its two-hundred day moving average price is $6.43.

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.