Azarias Capital Management L.P. Lowers Stake in NexGen Energy (NYSE:NXE)

Azarias Capital Management L.P. decreased its position in shares of NexGen Energy (NYSE:NXE - Free Report) by 12.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,788,651 shares of the company's stock after selling 249,976 shares during the quarter. NexGen Energy makes up 4.4% of Azarias Capital Management L.P.'s investment portfolio, making the stock its 3rd largest position. Azarias Capital Management L.P. owned approximately 0.31% of NexGen Energy worth $8,031,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NXE. Rye Brook Capital LLC boosted its holdings in NexGen Energy by 3.1% in the 1st quarter. Rye Brook Capital LLC now owns 722,600 shares of the company's stock worth $3,244,000 after buying an additional 21,600 shares during the period. Accordant Advisory Group Inc lifted its holdings in NexGen Energy by 54.4% during the 1st quarter. Accordant Advisory Group Inc now owns 139,209 shares of the company's stock worth $625,000 after purchasing an additional 49,074 shares in the last quarter. PKO Investment Management Joint Stock Co bought a new stake in shares of NexGen Energy during the fourth quarter valued at about $574,000. Mackenzie Financial Corp lifted its holdings 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 worth $1,519,000 after buying an additional 31,002 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in NexGen Energy by 3.2% during 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 in the last quarter. Institutional investors own 42.43% of the company's stock.

NexGen Energy Trading Down 0.8%

NXE opened at $6.84 on Friday. The stock has a market capitalization of $3.90 billion, a P/E ratio of -42.72 and a beta of 1.54. The stock has a 50-day moving average price of $5.71 and a 200-day moving average price of $5.97. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96.

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Canada raised NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Desjardins started coverage on NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Four investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, NexGen Energy presently has a consensus 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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