Quantbot Technologies LP Makes New $3.62 Million Investment in NexGen Energy $NXE

Key Points

• Quantbot Technologies LP acquired a new position in NexGen Energy by purchasing 805,221 shares valued at approximately $3.6 million, representing 0.14% ownership as of the latest SEC filing.
• Despite the investment interest, NexGen Energy's stock price declined by 6.8%, trading at $6.5450 with a market cap of $3.74 billion, and a negative price-to-earnings ratio of -26.18.
• The company reported a quarterly loss of ($0.10) earnings per share, which was lower than the consensus estimate, and analysts anticipate a forecast EPS of -0.05 for the current fiscal year.

Quantbot Technologies LP acquired a new stake in NexGen Energy (NYSE:NXE - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 805,221 shares of the company's stock, valued at approximately $3,615,000. Quantbot Technologies LP owned 0.14% of NexGen Energy as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Bank of America Corp DE raised its stake in shares of NexGen Energy by 16.9% during the 4th quarter. Bank of America Corp DE now owns 1,995,608 shares of the company's stock worth $13,171,000 after buying an additional 288,102 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock worth $690,000 after buying an additional 2,648 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in shares of NexGen Energy by 11.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company's stock worth $178,000 after purchasing an additional 4,075 shares during the period. Bank of New York Mellon Corp grew its stake in shares of NexGen Energy by 7.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,021,300 shares of the company's stock worth $9,076,000 after purchasing an additional 144,742 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of NexGen Energy by 64.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 202,953 shares of the company's stock worth $911,000 after purchasing an additional 79,314 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NXE shares. Desjardins started coverage on shares of NexGen Energy in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. TD Securities reaffirmed a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

NexGen Energy Stock Performance

NYSE NXE traded up $0.0850 during trading hours on Monday, reaching $7.1850. The company's stock had a trading volume of 2,845,496 shares, compared to its average volume of 9,215,952. The stock has a market cap of $4.10 billion, a PE ratio of -28.75 and a beta of 1.45. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The company's 50-day moving average is $6.83 and its two-hundred day moving average is $5.87.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). Equities analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

NexGen Energy Company 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.