Y Intercept Hong Kong Ltd Purchases Shares of 121,960 NexGen Energy Ltd. (NYSE:NXE)

Y Intercept Hong Kong Ltd bought a new stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 121,960 shares of the company's stock, valued at approximately $796,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Larson Financial Group LLC bought a new position in NexGen Energy in the 2nd quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale bought a new stake in shares of NexGen Energy in the third quarter worth $76,000. SevenBridge Financial Group LLC acquired a new stake in NexGen Energy in the third quarter valued at $87,000. New Harbor Financial Group LLC increased its holdings in NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company's stock valued at $98,000 after purchasing an additional 2,500 shares during the period. Finally, Element Capital Management LLC bought a new position in NexGen Energy during the 2nd quarter worth $110,000. Institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Down 3.7 %

NXE traded down $0.29 during trading on Friday, reaching $7.50. 6,386,697 shares of the stock traded hands, compared to its average volume of 5,828,855. The stock has a market capitalization of $4.24 billion, a PE ratio of 50.00 and a beta of 1.91. The stock's 50-day moving average is $7.75 and its 200 day moving average is $6.92. NexGen Energy Ltd. has a 12 month low of $4.95 and a 12 month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.01). During the same period in the previous year, the company posted ($0.04) earnings per share. As a group, equities research analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.