1,750,000 Shares in NexGen Energy $NXE Bought by Anson Funds Management LP

Key Points

• Anson Funds Management LP has taken a new position in NexGen Energy, acquiring 1,750,000 shares worth approximately $7.85 million, which constitutes about 1.2% of its overall portfolio.
• Several institutional investors, including Geode Capital Management and Wells Fargo, have recently increased their stakes in NexGen Energy, contributing to a total institutional ownership of 42.43%.
• NexGen Energy reported a miss on earnings with ($0.10) earnings per share for the last quarter, falling short of the consensus estimate of ($0.02).

Anson Funds Management LP bought a new position in shares of NexGen Energy (NYSE:NXE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,750,000 shares of the company's stock, valued at approximately $7,846,000. NexGen Energy accounts for about 1.2% of Anson Funds Management LP's holdings, making the stock its 20th largest holding. Anson Funds Management LP owned about 0.31% of NexGen Energy at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NXE. Geode Capital Management LLC increased its stake in shares of NexGen Energy by 4.5% during the fourth quarter. Geode Capital Management LLC now owns 259,697 shares of the company's stock worth $1,731,000 after buying an additional 11,219 shares during the period. Wells Fargo & Company MN increased its stake in shares of NexGen Energy by 2.8% during the fourth quarter. Wells Fargo & Company MN now owns 238,628 shares of the company's stock worth $1,573,000 after buying an additional 6,523 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of NexGen Energy by 32.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 123,639 shares of the company's stock worth $816,000 after buying an additional 30,527 shares during the period. Invesco Ltd. increased its stake in shares of NexGen Energy by 6.7% during the fourth quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after buying an additional 1,656 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of NexGen Energy during the fourth quarter worth approximately $3,728,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

Shares of NXE stock traded down $0.08 during trading hours on Wednesday, hitting $7.24. The stock had a trading volume of 5,832,461 shares, compared to its average volume of 6,749,048. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96. The stock's 50 day moving average is $6.84 and its 200 day moving average is $5.88.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, equities analysts anticipate that NexGen Energy will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

NXE has been the subject of a number of research analyst reports. TD Securities reaffirmed a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins initiated coverage on NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus 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.