Azarias Capital Management L.P. Sells 249,976 Shares of NexGen Energy (NYSE:NXE)

Azarias Capital Management L.P. lowered its stake in NexGen Energy (NYSE:NXE - Free Report) by 12.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,788,651 shares of the company's stock after selling 249,976 shares during the period. NexGen Energy accounts for 4.4% of Azarias Capital Management L.P.'s holdings, making the stock its 3rd largest holding. Azarias Capital Management L.P. owned approximately 0.31% of NexGen Energy worth $8,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in NXE. JPMorgan Chase & Co. boosted its position in NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock valued at $41,882,000 after buying an additional 4,378,933 shares in the last quarter. Bank of New York Mellon Corp boosted its position in NexGen Energy by 954.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock valued at $12,385,000 after buying an additional 1,698,649 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of NexGen Energy by 131.8% during the fourth quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock worth $14,681,000 after purchasing an additional 1,264,655 shares during the period. Encompass Capital Advisors LLC acquired a new position in shares of NexGen Energy during the fourth quarter worth $7,831,000. Finally, Lloyd Harbor Capital Management LLC lifted its holdings in shares of NexGen Energy by 92.8% during the fourth quarter. Lloyd Harbor Capital Management LLC now owns 1,912,817 shares of the company's stock worth $12,625,000 after purchasing an additional 920,730 shares during the period. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Up 1.2%

NXE stock traded up $0.08 during midday trading on Monday, hitting $6.68. The stock had a trading volume of 9,341,337 shares, compared to its average volume of 7,508,113. The firm has a market cap of $3.81 billion, a P/E ratio of -41.75 and a beta of 1.54. The business has a fifty day moving average price of $5.79 and a two-hundred day moving average price of $5.92. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.04). On average, equities analysts anticipate that NexGen Energy will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NXE shares. Desjardins started coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Stifel Nicolaus started coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Four equities research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, NexGen Energy presently 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.