Mountain Lake Investment Management LLC trimmed its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 69.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 294,244 shares of the company's stock after selling 655,756 shares during the quarter. NexGen Energy makes up approximately 2.2% of Mountain Lake Investment Management LLC's portfolio, making the stock its 12th biggest holding. Mountain Lake Investment Management LLC owned approximately 0.05% of NexGen Energy worth $1,942,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of NexGen Energy by 10.8% in the fourth 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 in the last quarter. Investment Management Corp of Ontario raised its stake in NexGen Energy by 14.6% in the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company's stock valued at $164,000 after purchasing an additional 3,200 shares in the last quarter. Tcfg Wealth Management LLC raised its stake in NexGen Energy by 6.3% in the fourth quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock valued at $412,000 after purchasing an additional 3,700 shares in the last quarter. Larson Financial Group LLC raised its stake in NexGen Energy by 122.7% in the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company's stock valued at $69,000 after purchasing an additional 5,827 shares in the last quarter. Finally, Stanley Laman Group Ltd. raised its stake in NexGen Energy by 2.1% in the third 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. 42.43% of the stock is owned by hedge funds and other institutional investors.
NexGen Energy Stock Performance
NXE traded down $0.04 on Thursday, reaching $5.89. The company had a trading volume of 9,471,710 shares, compared to its average volume of 8,409,879. The business has a 50 day simple moving average of $6.80 and a 200 day simple moving average of $6.87. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 39.24 and a beta of 1.94. NexGen Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.96.
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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