Concurrent Investment Advisors LLC Purchases Shares of 7,584 Nano Nuclear Energy Inc. $NNE

Key Points

• Concurrent Investment Advisors LLC has purchased 7,584 shares of Nano Nuclear Energy Inc., valued at approximately $262,000, marking a new investment in the company during the second quarter.
• Other institutional investors, including Vanguard Group Inc., have also increased their stakes in Nano Nuclear Energy, with Vanguard boosting its position by 44.4%.
• Following its recent quarterly earnings report, analysts have mixed ratings on the stock, with an average target price of $51.75 and a consensus rating of "Moderate Buy."

Concurrent Investment Advisors LLC purchased a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,584 shares of the company's stock, valued at approximately $262,000.

Several other hedge funds have also modified their holdings of NNE. Vanguard Group Inc. lifted its position in shares of Nano Nuclear Energy by 44.4% during the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock valued at $26,196,000 after buying an additional 304,405 shares during the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Nano Nuclear Energy during the second quarter valued at about $6,269,000. Nuveen LLC purchased a new stake in shares of Nano Nuclear Energy during the first quarter valued at about $2,574,000. Sharpepoint LLC lifted its position in shares of Nano Nuclear Energy by 469.5% during the first quarter. Sharpepoint LLC now owns 66,034 shares of the company's stock valued at $1,747,000 after buying an additional 54,438 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Nano Nuclear Energy by 445.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 59,291 shares of the company's stock valued at $1,569,000 after buying an additional 48,424 shares during the last quarter.

Nano Nuclear Energy Trading Down 3.7%

Shares of NASDAQ:NNE opened at $46.07 on Tuesday. Nano Nuclear Energy Inc. has a twelve month low of $16.58 and a twelve month high of $60.87. The company's 50 day moving average is $38.93 and its 200 day moving average is $33.36. The company has a market cap of $1.92 billion, a PE ratio of -49.54 and a beta of 6.80.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Northland Securities initiated coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price target for the company. BTIG Research initiated coverage on shares of Nano Nuclear Energy in a report on Thursday, August 28th. They set a "neutral" rating on the stock. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a report on Monday, July 7th. HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Friday, August 15th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Nano Nuclear Energy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $51.75.

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.

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