ArrowMark Colorado Holdings LLC Invests $1.42 Million in NexGen Energy Ltd. (NYSE:NXE)

ArrowMark Colorado Holdings LLC acquired a new position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 214,655 shares of the company's stock, valued at approximately $1,417,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Azarias Capital Management L.P. boosted its stake in shares of NexGen Energy by 15.3% in the fourth quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock worth $13,455,000 after acquiring an additional 271,153 shares during the last quarter. Barclays PLC increased its holdings in NexGen Energy by 328.3% in the 3rd quarter. Barclays PLC now owns 187,861 shares of the company's stock valued at $1,227,000 after purchasing an additional 143,996 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock valued at $55,971,000 after buying an additional 3,762,756 shares during the period. Jennison Associates LLC acquired a new stake in shares of NexGen Energy during the fourth quarter worth about $2,487,000. Finally, Vontobel Holding Ltd. lifted its holdings in NexGen Energy by 94.0% during the 4th quarter. Vontobel Holding Ltd. now owns 56,874 shares of the company's stock worth $375,000 after buying an additional 27,565 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Up 3.1 %

NYSE NXE traded up $0.17 on Friday, hitting $5.72. The stock had a trading volume of 5,188,869 shares, compared to its average volume of 7,009,159. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 38.14 and a beta of 1.50. The company's 50-day moving average is $4.81 and its two-hundred day moving average is $6.30. NexGen Energy Ltd. has a one year low of $3.91 and a one year high of $8.96.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Finally, Raymond James restated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three investment analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Strong Buy".

About NexGen Energy

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.