Marshall Wace LLP lifted its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 131.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,224,419 shares of the company's stock after buying an additional 1,264,655 shares during the quarter. Marshall Wace LLP owned about 0.39% of NexGen Energy worth $14,681,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of NXE. PNC Financial Services Group Inc. grew its holdings in NexGen Energy by 284.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after buying an additional 3,700 shares during the last quarter. Mariner LLC bought a new position in NexGen Energy during the fourth quarter worth $68,000. Silver Lake Advisory LLC acquired a new position in NexGen Energy during the 4th quarter valued at $73,000. Matauro LLC acquired a new position in NexGen Energy during the 4th quarter valued at $84,000. Finally, Sanctuary Advisors LLC bought a new stake in NexGen Energy in the 3rd quarter valued at $98,000. 42.43% of the stock is owned by institutional investors.
NexGen Energy Trading Up 3.4 %
NXE stock traded up $0.17 during trading on Thursday, hitting $5.11. The company had a trading volume of 7,828,421 shares, compared to its average volume of 6,940,310. The company has a fifty day moving average price of $4.87 and a two-hundred day moving average price of $6.47. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The company has a market cap of $2.91 billion, a P/E ratio of 34.07 and a beta of 2.02.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on NXE. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Nicolaus started coverage on NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Raymond James restated an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Three investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy".
Read Our Latest Stock Report on NexGen Energy
NexGen Energy Company Profile
(
Free Report)
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.
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