Two Sigma Securities LLC increased its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 224.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,434 shares of the company's stock after acquiring an additional 50,813 shares during the period. Two Sigma Securities LLC's holdings in NexGen Energy were worth $485,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after purchasing an additional 3,700 shares in the last quarter. Altshuler Shaham Ltd bought a new position in NexGen Energy during the fourth quarter valued at approximately $51,000. Mariner LLC acquired a new stake in NexGen Energy in the fourth quarter valued at approximately $68,000. Silver Lake Advisory LLC bought a new stake in NexGen Energy in the fourth quarter worth approximately $73,000. Finally, Matauro LLC bought a new stake in NexGen Energy in the fourth quarter worth approximately $84,000. Institutional investors and hedge funds own 42.43% of the company's stock.
NexGen Energy Stock Performance
NYSE NXE opened at $5.09 on Friday. The stock has a 50-day simple moving average of $4.83 and a 200 day simple moving average of $6.44. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96. The stock has a market capitalization of $2.90 billion, a PE ratio of 33.94 and a beta of 2.02.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on NXE shares. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Nicolaus initiated coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Three research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Strong Buy".
Check Out Our Latest Analysis on NXE
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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