Sprott Inc. cut its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 27.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 390,498 shares of the company's stock after selling 150,783 shares during the quarter. Sprott Inc. owned 0.07% of NexGen Energy worth $2,577,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in the company. Segra Capital Management LLC lifted its stake in NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company's stock worth $76,217,000 after purchasing an additional 1,931,200 shares during the last quarter. Van ECK Associates Corp lifted its stake in NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after purchasing an additional 3,762,756 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in NexGen Energy by 792.0% during the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company's stock worth $46,434,000 after purchasing an additional 6,317,538 shares during the last quarter. Mountaineer Partners Management LLC increased its position in NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company's stock worth $24,071,000 after buying an additional 3,107,214 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC increased its position in NexGen Energy by 18.0% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company's stock worth $19,738,000 after buying an additional 461,185 shares during the period. 42.43% of the stock is currently owned by institutional investors.
NexGen Energy Stock Up 1.2 %
NYSE NXE traded up $0.07 during trading hours on Friday, hitting $5.29. The company had a trading volume of 13,211,176 shares, compared to its average volume of 8,990,776. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.96. The business has a fifty day simple moving average of $6.55 and a 200-day simple moving average of $6.85. The firm has a market cap of $3.01 billion, a P/E ratio of 35.24 and a beta of 1.94.
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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