Caption Management LLC Has $40,000 Position in NexGen Energy $NXE

Key Points

• Caption Management LLC significantly reduced its stake in NexGen Energy, selling 76,115 shares and holding only 8,885 shares, which is a decrease of 89.5% in the first quarter.
• Despite the decrease in holdings by Caption Management, several other institutional investors have recently initiated or increased their positions in NexGen Energy, indicating ongoing interest in the stock.
• Wall Street analysts remain optimistic about NexGen Energy, with multiple firms rating the stock as a "buy" and an average ratings score of "Buy" on MarketBeat.

Caption Management LLC reduced its position in shares of NexGen Energy (NYSE:NXE - Free Report) by 89.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,885 shares of the company's stock after selling 76,115 shares during the period. Caption Management LLC's holdings in NexGen Energy were worth $40,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NXE. Invesco Ltd. boosted its holdings in shares of NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after buying an additional 1,656 shares during the period. Mariner LLC bought a new stake in NexGen Energy in the 4th quarter valued at $68,000. Hsbc Holdings PLC boosted its holdings in NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock valued at $124,000 after purchasing an additional 3,473 shares during the period. Aptus Capital Advisors LLC bought a new stake in NexGen Energy in the 4th quarter valued at $79,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of NexGen Energy in the 4th quarter valued at $207,000. 42.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on NXE shares. TD Securities reaffirmed a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Desjardins started coverage on shares of NexGen Energy in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy".

NexGen Energy Stock Up 2.2%

NexGen Energy stock traded up $0.17 during midday trading on Friday, hitting $7.77. 8,561,419 shares of the stock were exchanged, compared to its average volume of 6,711,381. The company has a fifty day simple moving average of $6.99 and a two-hundred day simple moving average of $5.96. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $8.96. The stock has a market capitalization of $4.44 billion, a PE ratio of -31.06 and a beta of 1.47.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, equities research analysts anticipate that NexGen Energy will post -0.05 EPS for the current fiscal year.

NexGen Energy 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.