Appian Way Asset Management LP Has $3.07 Million Position in NexGen Energy Ltd. (NYSE:NXE)

Appian Way Asset Management LP lessened its holdings in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 71.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 465,582 shares of the company's stock after selling 1,161,225 shares during the period. NexGen Energy comprises approximately 0.6% of Appian Way Asset Management LP's holdings, making the stock its 18th largest holding. Appian Way Asset Management LP owned about 0.08% of NexGen Energy worth $3,073,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Regal Partners Ltd purchased a new stake in NexGen Energy in the 4th quarter worth $854,000. Aquatic Capital Management LLC purchased a new position in shares of NexGen Energy in the 4th quarter worth approximately $808,000. Oxford Asset Management LLP acquired a new stake in NexGen Energy in the 4th quarter worth approximately $200,000. Two Sigma Securities LLC increased its holdings in NexGen Energy by 224.6% in the 4th quarter. Two Sigma Securities LLC now owns 73,434 shares of the company's stock worth $485,000 after buying an additional 50,813 shares during the period. Finally, Nebula Research & Development LLC boosted its position in NexGen Energy by 224.3% in the 4th quarter. Nebula Research & Development LLC now owns 62,454 shares of the company's stock worth $412,000 after purchasing an additional 43,198 shares in the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Price Performance

Shares of NexGen Energy stock traded up $0.03 during trading on Friday, hitting $5.31. The stock had a trading volume of 11,152,876 shares, compared to its average volume of 6,989,111. The firm has a market cap of $3.02 billion, a P/E ratio of 35.40 and a beta of 2.02. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The business has a fifty day moving average of $4.79 and a two-hundred day moving average of $6.37.

Analyst Upgrades and Downgrades

NXE has been the subject of a number of recent research reports. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Raymond James reissued an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Strong Buy".

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.