NexGen Energy Ltd. (NYSE:NXE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its holdings in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 84.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,966,793 shares of the company's stock after selling 10,798,598 shares during the period. JPMorgan Chase & Co. owned 0.35% of NexGen Energy worth $12,843,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Segra Capital Management LLC grew its stake in NexGen Energy by 19.8% during the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock valued at $76,217,000 after acquiring an additional 1,931,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in NexGen Energy by 792.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company's stock valued at $46,434,000 after acquiring an additional 6,317,538 shares in the last quarter. Van ECK Associates Corp grew its stake in NexGen Energy by 50.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company's stock valued at $30,810,000 after acquiring an additional 1,582,705 shares in the last quarter. Mountaineer Partners Management LLC grew its stake in NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock valued at $24,071,000 after acquiring an additional 3,107,214 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC grew its stake in NexGen Energy by 18.0% during the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company's stock valued at $19,738,000 after acquiring an additional 461,185 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Price Performance

NYSE NXE traded down $0.13 during trading hours on Friday, hitting $6.79. 5,722,424 shares of the company's stock traded hands, compared to its average volume of 7,810,457. The company has a market capitalization of $3.84 billion, a PE ratio of 45.27 and a beta of 1.96. The firm's 50-day moving average is $7.56 and its 200-day moving average is $6.89. NexGen Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its 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 quarter in the prior year, the business posted ($0.04) EPS. Equities research analysts predict that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

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.