BlueCrest Capital Management Ltd Makes New $7.44 Million Investment in X-Energy, Inc. $XE

Key Points

• BlueCrest Capital Management purchased 405,000 X-Energy shares worth approximately $7.44 million, joining several other institutions that initiated positions during the second quarter.
• X-Energy shares opened at $17.26, down 9.9%, and remain well below their 52-week high of $37.10. The company reported a quarterly loss of $0.15 per share, missing estimates, although revenue increased 154% year over year to $54.6 million.
• Analyst sentiment is mixed: six analysts rate the stock Buy, three Hold, and two Sell, producing an overall “Hold” rating and a consensus price target of $34.25.

BlueCrest Capital Management Ltd purchased a new stake in X-Energy, Inc. (NASDAQ:XE - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 405,000 shares of the company's stock, valued at approximately $7,436,000. BlueCrest Capital Management Ltd owned approximately 0.10% of X-Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Wellington Management Group LLP purchased a new stake in shares of X-Energy during the second quarter worth approximately $15,011,000. Squarepoint Ops LLC purchased a new stake in shares of X-Energy in the 2nd quarter valued at approximately $5,967,000. Readystate Asset Management LP purchased a new stake in shares of X-Energy in the 2nd quarter valued at approximately $2,943,000. WINTON GROUP Ltd acquired a new stake in shares of X-Energy in the 2nd quarter valued at $1,645,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of X-Energy during the 2nd quarter worth $1,251,000.

X-Energy Trading Down 9.9%

Shares of NASDAQ XE opened at $17.26 on Thursday. The firm has a 50-day moving average price of $17.75. The firm has a market cap of $7.01 billion and a PE ratio of -115.07. X-Energy, Inc. has a 52-week low of $13.29 and a 52-week high of $37.10.

X-Energy (NASDAQ:XE - Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The business's revenue for the quarter was up 154.0% compared to the same quarter last year. As a group, research analysts forecast that X-Energy, Inc. will post -0.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of X-Energy in a research note on Tuesday, May 19th. They set an "overweight" rating and a $41.00 target price for the company. Wolfe Research began coverage on X-Energy in a report on Tuesday, May 19th. They set a "peer perform" rating for the company. TD Cowen reaffirmed a "buy" rating on shares of X-Energy in a research report on Tuesday, June 23rd. Weiss Ratings started coverage on X-Energy in a report on Monday, July 20th. They issued a "sell (d)" rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on X-Energy in a research report on Tuesday, May 19th. They set an "overweight" rating and a $38.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $34.25.

X-Energy Company Profile

X-Energy NASDAQ: XE is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy's technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company's activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.

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