Barclays PLC Trims Stake in NexGen Energy Ltd. (NYSE:NXE)

Barclays PLC lessened its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,681 shares of the company's stock after selling 62,180 shares during the period. Barclays PLC's holdings in NexGen Energy were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Harbour Capital Advisors LLC purchased a new position in shares of NexGen Energy during the fourth quarter worth $413,000. Janney Montgomery Scott LLC lifted its stake in NexGen Energy by 10.8% during the 4th 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 in the last quarter. Silver Lake Advisory LLC purchased a new position in NexGen Energy during the 4th quarter valued at about $73,000. Caprock Group LLC purchased a new stake in NexGen Energy during the fourth quarter worth about $462,000. Finally, Jennison Associates LLC purchased a new stake in NexGen Energy during the fourth quarter worth about $2,487,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on NXE shares. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus started coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Scotiabank restated 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, NexGen Energy has a consensus rating of "Strong Buy".

NexGen Energy Trading Up 3.0 %

Shares of NXE opened at $5.40 on Wednesday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 35.97 and a beta of 1.50. The firm's fifty day simple moving average is $4.79 and its 200-day simple moving average is $6.33. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96.

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.

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