Trexquant Investment LP acquired a new stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 207,272 shares of the company's stock, valued at approximately $1,368,000.
Several other hedge funds and other institutional investors also recently made changes to their positions in NXE. PNC Financial Services Group Inc. boosted its stake in NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock valued at $33,000 after purchasing an additional 3,700 shares during the last quarter. Silver Lake Advisory LLC bought a new position in shares of NexGen Energy in the fourth quarter valued at approximately $73,000. Matauro LLC purchased a new position in NexGen Energy during the 4th quarter worth $84,000. Sanctuary Advisors LLC bought a new stake in NexGen Energy in the 3rd quarter worth about $98,000. Finally, Janney Montgomery Scott LLC lifted its holdings in NexGen Energy by 10.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after acquiring an additional 1,500 shares during the period. 42.43% of the stock is owned by institutional investors.
NexGen Energy Trading Up 0.3 %
Shares of NXE stock traded up $0.02 during trading hours on Tuesday, reaching $4.63. The stock had a trading volume of 1,022,673 shares, compared to its average volume of 6,803,835. The stock's fifty day simple moving average is $5.11 and its 200 day simple moving average is $6.56. The firm has a market capitalization of $2.63 billion, a PE ratio of 30.84 and a beta of 2.02. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96.
Wall Street Analyst Weigh In
Several equities analysts recently commented on NXE shares. Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Three investment analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Strong Buy".
Check Out Our Latest Analysis on NXE
NexGen Energy Profile
(
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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