NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Lloyd Harbor Capital Management LLC

Lloyd Harbor Capital Management LLC lowered its position in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,442,087 shares of the company's stock after selling 223,462 shares during the quarter. NexGen Energy accounts for 10.4% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 2nd biggest position. Lloyd Harbor Capital Management LLC owned 0.44% of NexGen Energy worth $17,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in NexGen Energy by 5,020.5% in the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company's stock valued at $126,047,000 after buying an additional 15,905,444 shares during the last quarter. MMCAP International Inc. SPC lifted its position in shares of NexGen Energy by 1,627.2% during the first quarter. MMCAP International Inc. SPC now owns 3,564,665 shares of the company's stock worth $27,697,000 after purchasing an additional 3,358,278 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in NexGen Energy by 74.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,341,885 shares of the company's stock worth $23,393,000 after purchasing an additional 1,430,709 shares in the last quarter. L1 Capital Pty Ltd increased its holdings in NexGen Energy by 6.3% in the first quarter. L1 Capital Pty Ltd now owns 24,083,310 shares of the company's stock valued at $187,127,000 after buying an additional 1,423,317 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in NexGen Energy by 69.3% during the second quarter. Van ECK Associates Corp now owns 3,135,565 shares of the company's stock valued at $21,880,000 after buying an additional 1,283,210 shares in the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Stock Performance

NYSE:NXE opened at $6.66 on Friday. The business's fifty day moving average price is $5.98 and its 200 day moving average price is $7.00. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of -673.33 and a beta of 1.91. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.88.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.02. During the same quarter last year, the firm earned ($0.03) EPS. Equities analysts forecast that NexGen Energy Ltd. will post -0.09 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NXE. Ventum Cap Mkts upgraded NexGen Energy to a "strong-buy" rating in a report on Monday, July 8th. National Bank Financial raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, September 3rd. Two investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of "Strong Buy" and an average price target of $11.00.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

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