805,221 Shares in NexGen Energy $NXE Acquired by Quantbot Technologies LP

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 purchased a new position in NexGen Energy (NYSE:NXE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 805,221 shares of the company's stock, valued at approximately $3,615,000. Quantbot Technologies LP owned 0.14% of NexGen Energy at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bank of America Corp DE raised its holdings in 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 valued at $13,171,000 after acquiring an additional 288,102 shares during the period. Cetera Investment Advisers grew its position 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 valued at $690,000 after purchasing an additional 2,648 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in NexGen Energy by 11.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company's stock worth $178,000 after acquiring an additional 4,075 shares in the last quarter. Bank of New York Mellon Corp grew its position in NexGen Energy by 7.7% in the first quarter. Bank of New York Mellon Corp now owns 2,021,300 shares of the company's stock worth $9,076,000 after acquiring an additional 144,742 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in NexGen Energy by 64.1% in the first quarter. Envestnet Asset Management Inc. now owns 202,953 shares of the company's stock worth $911,000 after acquiring an additional 79,314 shares in the last quarter. Institutional investors own 42.43% of the company's stock.

NexGen Energy Trading Up 7.7%

NXE traded up $0.5050 during midday trading on Friday, reaching $7.0950. The company's stock had a trading volume of 14,098,926 shares, compared to its average volume of 6,196,561. The stock's 50-day moving average is $6.83 and its 200-day moving average is $5.88. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $8.96. The firm has a market capitalization of $4.05 billion, a price-to-earnings ratio of -28.38 and a beta of 1.45.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly 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). As a group, equities research analysts forecast that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NXE has been the subject of several research reports. Desjardins assumed coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They issued a "buy" rating for the company. TD Securities reaffirmed a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "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.