Bosun Asset Management LLC Invests $351,000 in NexGen Energy Ltd. (NYSE:NXE)

Bosun Asset Management LLC acquired a new position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 53,155 shares of the company's stock, valued at approximately $351,000.

A number of other large investors have also recently made changes to their positions in NXE. Azarias Capital Management L.P. increased its position in shares of NexGen Energy by 15.3% in the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company's stock valued at $13,455,000 after purchasing an additional 271,153 shares during the last quarter. Barclays PLC increased its stake in NexGen Energy by 328.3% in the third 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 period. Van ECK Associates Corp grew its stake 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 purchasing an additional 3,762,756 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of NexGen Energy in the 4th quarter worth $2,487,000. Finally, Vontobel Holding Ltd. increased its position 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 purchasing an additional 27,565 shares during the period. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Stock Down 0.8%

NYSE:NXE traded down $0.05 during trading hours on Monday, reaching $5.69. 3,232,255 shares of the stock were exchanged, compared to its average volume of 6,980,220. NexGen Energy Ltd. has a 52 week low of $3.91 and a 52 week high of $8.96. The stock has a market capitalization of $3.24 billion, a P/E ratio of 37.82 and a beta of 1.50. The firm has a 50 day simple moving average of $4.83 and a 200-day simple moving average of $6.27.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on NXE. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Three research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat, 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.