Charles Schwab Investment Management Inc. Grows Holdings in Nano Nuclear Energy Inc. $NNE

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Nano Nuclear Energy Inc. by 445.6%, now owning 59,291 shares valued at approximately $1,569,000.
• Several large investors, including BNP Paribas Financial Markets, have significantly increased their stakes in Nano Nuclear Energy, with BNP Paribas growing its holdings by an astonishing 15,411.5% during the last quarter.
• Analysts have varied opinions on Nano Nuclear Energy, with price targets ranging from $9.00 to $50.00, giving it an average target price of $41.25 and a consensus rating of "Moderate Buy".

Charles Schwab Investment Management Inc. raised its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 445.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,291 shares of the company's stock after acquiring an additional 48,424 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.16% of Nano Nuclear Energy worth $1,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NNE. JPMorgan Chase & Co. grew its holdings in shares of Nano Nuclear Energy by 19.0% in the fourth quarter. JPMorgan Chase & Co. now owns 2,076 shares of the company's stock worth $52,000 after purchasing an additional 331 shares during the last quarter. North Capital Inc. bought a new stake in Nano Nuclear Energy during the 1st quarter valued at about $26,000. Marshall Investment Management LLC purchased a new stake in Nano Nuclear Energy in the 1st quarter valued at about $27,000. Wealth Enhancement Advisory Services LLC grew its stake in Nano Nuclear Energy by 10.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 12,019 shares of the company's stock worth $318,000 after acquiring an additional 1,135 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of Nano Nuclear Energy during the fourth quarter worth approximately $29,000.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NNE shares. HC Wainwright reaffirmed a "buy" rating and set a $50.00 target price on shares of Nano Nuclear Energy in a research report on Friday, August 15th. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. LADENBURG THALM/SH SH lowered Nano Nuclear Energy from a "buy" rating to a "sell" rating and cut their price target for the company from $51.00 to $9.00 in a research note on Monday, August 18th. Northland Securities initiated coverage on Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price target on the stock. Finally, BTIG Research assumed coverage on Nano Nuclear Energy in a report on Thursday, August 28th. They issued a "neutral" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Nano Nuclear Energy presently has a consensus rating of "Moderate Buy" and a consensus price target of $41.25.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ NNE traded down $0.83 during mid-day trading on Thursday, reaching $31.17. The company's stock had a trading volume of 1,866,943 shares, compared to its average volume of 2,631,789. The stock has a 50-day moving average of $34.54 and a two-hundred day moving average of $30.16. The stock has a market capitalization of $1.30 billion, a P/E ratio of -33.52 and a beta of 7.03. Nano Nuclear Energy Inc. has a 1-year low of $6.52 and a 1-year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.08. Analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.