Ausbil Investment Management Ltd Acquires 45,000 Shares of NexGen Energy $NXE

Key Points

• Ausbil Investment Management Ltd increased its stake in NexGen Energy by 72.6% during the second quarter, acquiring an additional 45,000 shares, bringing their total holdings to 107,000 shares worth approximately $743,000.
• Notable hedge funds have also increased their investments in NexGen Energy, including UBS AM, which boosted its ownership by 38.2% to 623,857 shares, now valued at $4,117,000.
• NexGen Energy recently reported a quarterly loss of ($0.10) EPS, missing analyst expectations, while the stock is currently rated as a Buy by multiple research firms.

Ausbil Investment Management Ltd boosted its holdings in shares of NexGen Energy (NYSE:NXE - Free Report) by 72.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,000 shares of the company's stock after purchasing an additional 45,000 shares during the period. Ausbil Investment Management Ltd's holdings in NexGen Energy were worth $743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NXE. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in NexGen Energy by 38.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 623,857 shares of the company's stock worth $4,117,000 after purchasing an additional 172,499 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of NexGen Energy by 3.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 134,655 shares of the company's stock valued at $888,000 after acquiring an additional 4,176 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of NexGen Energy by 15.5% in the fourth quarter. Mackenzie Financial Corp now owns 230,524 shares of the company's stock valued at $1,519,000 after acquiring an additional 31,002 shares during the last quarter. Accordant Advisory Group Inc raised its stake in shares of NexGen Energy by 54.4% in the first quarter. Accordant Advisory Group Inc now owns 139,209 shares of the company's stock valued at $625,000 after acquiring an additional 49,074 shares during the last quarter. Finally, Rye Brook Capital LLC raised its stake in shares of NexGen Energy by 3.1% in the first quarter. Rye Brook Capital LLC now owns 722,600 shares of the company's stock valued at $3,244,000 after acquiring an additional 21,600 shares during the last quarter. Institutional investors own 42.43% of the company's stock.

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at $9.11 on Friday. The firm has a market cap of $5.23 billion, a P/E ratio of -36.42 and a beta of 1.47. The firm has a 50 day simple moving average of $7.48 and a 200 day simple moving average of $6.31. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $9.38.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NXE shares. Desjardins started coverage on shares of NexGen Energy in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company. According to MarketBeat, NexGen Energy currently has an average rating of "Buy".

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.

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