Jennison Associates LLC Acquires Shares of 377,188 NexGen Energy Ltd. (NYSE:NXE)

Jennison Associates LLC bought a new position in NexGen Energy Ltd. (NYSE:NXE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 377,188 shares of the company's stock, valued at approximately $2,487,000. Jennison Associates LLC owned about 0.07% of NexGen Energy as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda purchased a new position in shares of NexGen Energy in the third quarter valued at about $6,585,000. New Harbor Financial Group LLC boosted its holdings in NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock valued at $98,000 after acquiring an additional 2,500 shares in the last quarter. Stanley Laman Group Ltd. boosted its stake in shares of NexGen Energy by 2.1% during the 3rd quarter. Stanley Laman Group Ltd. now owns 490,040 shares of the company's stock valued at $3,200,000 after purchasing an additional 9,991 shares in the last quarter. Rye Brook Capital LLC increased its position in shares of NexGen Energy by 18.7% during the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company's stock valued at $4,538,000 after buying an additional 109,500 shares during the period. Finally, Legacy Capital Group California Inc. raised its stake in NexGen Energy by 132.6% in the third quarter. Legacy Capital Group California Inc. now owns 41,773 shares of the company's stock worth $273,000 after buying an additional 23,812 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 1.3 %

NexGen Energy stock traded up $0.09 during trading hours on Friday, hitting $6.54. 5,814,768 shares of the stock traded hands, compared to its average volume of 8,583,149. NexGen Energy Ltd. has a one year low of $4.95 and a one year high of $8.96. The firm's 50-day moving average price is $7.15 and its two-hundred day moving average price is $6.86. The company has a market cap of $3.72 billion, a PE ratio of 43.57 and a beta of 1.94.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period in the prior year, the firm earned ($0.04) earnings per share. On average, sell-side analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

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.