Legal & General Group Plc Sells 81,205 Shares of NexGen Energy Ltd. (NYSE:NXE)

Legal & General Group Plc decreased its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 548,553 shares of the company's stock after selling 81,205 shares during the quarter. Legal & General Group Plc owned approximately 0.10% of NexGen Energy worth $3,616,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its position in NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after acquiring an additional 3,700 shares during the last quarter. Silver Lake Advisory LLC acquired a new stake in NexGen Energy during the fourth quarter worth approximately $73,000. Matauro LLC acquired a new position in NexGen Energy in the fourth quarter valued at approximately $84,000. Sanctuary Advisors LLC bought a new position in shares of NexGen Energy during the 3rd quarter worth approximately $98,000. Finally, Janney Montgomery Scott LLC grew its position in shares of NexGen Energy by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after buying an additional 1,500 shares during the period. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Down 0.6 %

Shares of NYSE:NXE traded down $0.03 during mid-day trading on Friday, hitting $5.09. 7,135,487 shares of the company traded hands, compared to its average volume of 6,957,998. The stock has a 50-day moving average price of $4.83 and a two-hundred day moving average price of $6.44. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96. The stock has a market cap of $2.90 billion, a P/E ratio of 33.94 and a beta of 2.02.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NXE shares. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. 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 MarketBeat, the company currently has an average rating of "Strong Buy".

About NexGen Energy

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.