Tejara Capital Ltd Reduces Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Tejara Capital Ltd cut its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 91.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 72,400 shares of the company's stock after selling 788,336 shares during the quarter. Tejara Capital Ltd's holdings in NexGen Energy were worth $478,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NXE. Old West Investment Management LLC increased its holdings in shares of NexGen Energy by 61.4% in the 3rd quarter. Old West Investment Management LLC now owns 1,143,028 shares of the company's stock valued at $7,464,000 after acquiring an additional 434,670 shares during the period. CIBC Asset Management Inc increased its holdings in shares of NexGen Energy by 13.4% in the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company's stock valued at $6,043,000 after acquiring an additional 109,754 shares during the period. Natixis Advisors LLC increased its holdings in shares of NexGen Energy by 39.2% in the 3rd quarter. Natixis Advisors LLC now owns 57,820 shares of the company's stock valued at $378,000 after acquiring an additional 16,296 shares during the period. Swiss National Bank grew its stake in NexGen Energy by 3.3% during the 3rd quarter. Swiss National Bank now owns 1,048,900 shares of the company's stock worth $6,851,000 after buying an additional 33,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in NexGen Energy by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 998,450 shares of the company's stock worth $6,519,000 after buying an additional 19,718 shares during the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

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NexGen Energy Price Performance

NexGen Energy stock traded down $0.13 during trading hours on Friday, hitting $4.92. 17,916,124 shares of the stock traded hands, compared to its average volume of 6,437,123. The firm's 50 day moving average price is $5.91 and its 200-day moving average price is $6.73. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 32.77 and a beta of 1.97. NexGen Energy Ltd. has a 1 year low of $4.44 and a 1 year high of $8.96.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Two analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. According to data from MarketBeat.com, NexGen Energy presently has an average rating of "Strong Buy".

NexGen Energy Company 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.