Balyasny Asset Management L.P. Takes $1.09 Million Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Balyasny Asset Management L.P. acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,815 shares of the company's stock, valued at approximately $1,091,000. Balyasny Asset Management L.P. owned 0.12% of Nano Nuclear Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Nano Nuclear Energy by 19.0% during the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock valued at $52,000 after purchasing an additional 331 shares during the period. New York State Common Retirement Fund bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $30,000. IFP Advisors Inc raised its holdings in shares of Nano Nuclear Energy by 638.5% during the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock valued at $37,000 after acquiring an additional 1,277 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Nano Nuclear Energy by 27.6% during the fourth quarter. Barclays PLC now owns 6,767 shares of the company's stock valued at $168,000 after acquiring an additional 1,463 shares in the last quarter.

Nano Nuclear Energy Stock Performance

Shares of Nano Nuclear Energy stock traded up $1.18 during midday trading on Friday, reaching $27.25. 2,566,756 shares of the company's stock traded hands, compared to its average volume of 3,566,602. The company has a market cap of $1.01 billion and a PE ratio of -66.46. The stock has a 50 day moving average of $25.07 and a 200-day moving average of $26.80. Nano Nuclear Energy Inc. has a 12 month low of $3.80 and a 12 month high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). On average, equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, HC Wainwright restated a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.

Nano Nuclear Energy Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.