Nano Nuclear Energy Inc. $NNE Shares Acquired by Corebridge Financial Inc.

Corebridge Financial Inc. lifted its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 441.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,013 shares of the company's stock after buying an additional 9,796 shares during the quarter. Corebridge Financial Inc.'s holdings in Nano Nuclear Energy were worth $318,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC lifted its position in shares of Nano Nuclear Energy by 113.8% during the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock worth $783,000 after buying an additional 15,747 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Nano Nuclear Energy by 445.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 59,291 shares of the company's stock worth $1,569,000 after buying an additional 48,424 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $1,253,000. Swiss National Bank purchased a new stake in shares of Nano Nuclear Energy during the 1st quarter worth approximately $1,220,000. Finally, New York State Common Retirement Fund lifted its position in shares of Nano Nuclear Energy by 533.3% during the 1st quarter. New York State Common Retirement Fund now owns 7,600 shares of the company's stock worth $201,000 after buying an additional 6,400 shares during the last quarter.

Analyst Upgrades and Downgrades

NNE has been the subject of several recent analyst reports. BTIG Research initiated coverage on shares of Nano Nuclear Energy in a research report on Thursday, August 28th. They set a "neutral" rating for the company. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. HC Wainwright reiterated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Friday, August 15th. LADENBURG THALM/SH SH downgraded shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and reduced their price target for the company from $51.00 to $9.00 in a research report on Monday, August 18th. Finally, Northland Securities initiated coverage on shares of Nano Nuclear Energy in a research report on Monday, July 7th. They issued an "outperform" rating and a $40.00 price target for the company. One equities 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $41.25.

Nano Nuclear Energy Stock Performance

Nano Nuclear Energy stock traded up $0.20 during trading hours on Monday, reaching $31.88. 1,236,038 shares of the stock were exchanged, compared to its average volume of 2,561,559. The stock has a market cap of $1.33 billion, a P/E ratio of -34.28 and a beta of 7.06. Nano Nuclear Energy Inc. has a 52-week low of $7.01 and a 52-week high of $48.05. The firm's 50 day moving average is $34.43 and its 200 day moving average is $30.17.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. Equities research analysts expect 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.