NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Point72 Asset Management L.P.

Point72 Asset Management L.P. decreased its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,834,218 shares of the company's stock after selling 131,676 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.32% of NexGen Energy worth $11,956,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of 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 worth $46,434,000 after acquiring an additional 6,317,538 shares in the last quarter. Van ECK Associates Corp boosted its holdings in NexGen Energy by 50.5% in the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company's stock valued at $30,810,000 after purchasing an additional 1,582,705 shares during the last quarter. Mountaineer Partners Management LLC grew its holdings in NexGen Energy by 536.6% during the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock worth $24,071,000 after acquiring an additional 3,107,214 shares during the period. TD Asset Management Inc grew its stake in shares of NexGen Energy by 1.5% during the 2nd quarter. TD Asset Management Inc now owns 3,131,701 shares of the company's stock worth $21,834,000 after purchasing an additional 47,394 shares during the period. Finally, Bank of Montreal Can increased its holdings in NexGen Energy by 20.8% in the second quarter. Bank of Montreal Can now owns 1,807,849 shares of the company's stock valued at $12,946,000 after buying an additional 311,091 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, National Bank Financial raised shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, September 3rd.

NexGen Energy Stock Down 1.2 %

Shares of NexGen Energy stock traded down $0.10 on Friday, hitting $8.37. 4,551,717 shares of the company were exchanged, compared to its average volume of 7,399,823. The company has a 50-day moving average price of $7.63 and a 200 day moving average price of $6.91. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 55.80 and a beta of 1.91. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the firm earned ($0.04) EPS. Research analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current year.

NexGen Energy Profile

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.