Segra Capital Management LLC increased its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 19.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,671,758 shares of the company's stock after purchasing an additional 1,931,200 shares during the period. NexGen Energy makes up about 29.7% of Segra Capital Management LLC's portfolio, making the stock its biggest holding. Segra Capital Management LLC owned approximately 2.07% of NexGen Energy worth $76,217,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Larson Financial Group LLC purchased a new stake in shares of NexGen Energy during the second quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale acquired a new position in shares of NexGen Energy during the third quarter worth $76,000. SevenBridge Financial Group LLC acquired a new position in NexGen Energy during the 3rd quarter worth approximately $87,000. New Harbor Financial Group LLC lifted its position in NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock worth $98,000 after buying an additional 2,500 shares during the period. Finally, Element Capital Management LLC acquired a new stake in NexGen Energy during the second quarter valued at approximately $110,000. Institutional investors and hedge funds own 42.43% of the company's stock.
NexGen Energy Stock Performance
Shares of NexGen Energy stock traded down $0.04 on Tuesday, reaching $7.94. 3,216,238 shares of the company's stock were exchanged, compared to its average volume of 5,812,638. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.96. The company has a market capitalization of $4.49 billion, a P/E ratio of 53.17 and a beta of 1.91. The firm's 50-day moving average is $7.66 and its two-hundred day moving average is $6.91.
NexGen Energy (NYSE:NXE - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). During the same quarter in the prior year, the company posted ($0.04) earnings per share. On average, analysts expect that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, National Bank Financial upgraded NexGen Energy to a "strong-buy" rating in a research report on Tuesday, September 3rd.
Check Out Our Latest Report on NXE
About NexGen Energy
(
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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