Capital Research Global Investors Has $19.31 Million Stock Position in NexGen Energy $NXE

Key Points

• Capital Research Global Investors cut its NexGen Energy (NXE) stake by 31.8% in Q3, selling 1,007,199 shares and finishing the period with 2,157,119 shares worth $19.31 million (about 0.33% ownership).
• Other institutions boosted positions—L1 Capital owns 33.82M shares (~$234.7M), Vanguard 21.35M shares (~$191.2M), and others added as well—leaving institutional investors with roughly 42.43% of NXE outstanding.
• NXE trades around $12.44 with a market cap of $8.22B and a negative P/E, and analysts hold a consensus rating of "Moderate Buy" (4 Buy, 1 Hold, 1 Sell) despite a recent EPS miss.

Capital Research Global Investors lowered its stake in NexGen Energy (NYSE:NXE - Free Report) by 31.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,157,119 shares of the company's stock after selling 1,007,199 shares during the quarter. Capital Research Global Investors owned about 0.33% of NexGen Energy worth $19,306,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. L1 Capital Pty Ltd raised its holdings in shares of NexGen Energy by 10.3% during the second quarter. L1 Capital Pty Ltd now owns 33,816,063 shares of the company's stock worth $234,683,000 after acquiring an additional 3,171,558 shares during the period. Vanguard Group Inc. boosted its stake in NexGen Energy by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company's stock worth $191,180,000 after purchasing an additional 430,005 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in NexGen Energy by 18.0% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company's stock worth $63,918,000 after purchasing an additional 1,407,000 shares during the period. Marshall Wace LLP increased its holdings in NexGen Energy by 15.6% during the 2nd quarter. Marshall Wace LLP now owns 6,204,620 shares of the company's stock worth $43,060,000 after purchasing an additional 837,187 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of NexGen Energy in the 2nd quarter valued at about $41,491,000. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Down 1.6%

Shares of NXE stock opened at $12.44 on Friday. The firm's fifty day moving average price is $12.04 and its two-hundred day moving average price is $9.82. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $13.96. The firm has a market capitalization of $8.22 billion, a P/E ratio of -32.74 and a beta of 1.41.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.02). As a group, equities research analysts forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. UBS Group assumed coverage on NexGen Energy in a report on Thursday, March 5th. They issued a "buy" rating on the stock. Raymond James Financial reissued an "outperform" rating on shares of NexGen Energy in a research report on Wednesday, January 14th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of NexGen Energy in a research note on Thursday, January 22nd. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, NexGen Energy has a consensus rating of "Moderate Buy".

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

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