Corebridge Financial Inc. Raises Stake in Nano Nuclear Energy Inc. $NNE

Corebridge Financial Inc. raised its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 441.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,013 shares of the company's stock after acquiring an additional 9,796 shares during the quarter. Corebridge Financial Inc.'s holdings in Nano Nuclear Energy were worth $318,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Hudson Bay Capital Management LP acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth $19,642,000. Vanguard Group Inc. raised its stake in shares of Nano Nuclear Energy by 44.4% during the 1st quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock worth $26,196,000 after buying an additional 304,405 shares during the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth $4,544,000. BNP Paribas Financial Markets raised its stake in shares of Nano Nuclear Energy by 15,411.5% during the 4th quarter. BNP Paribas Financial Markets now owns 104,082 shares of the company's stock worth $2,591,000 after buying an additional 103,411 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Nano Nuclear Energy during the 1st quarter worth $2,574,000.

Nano Nuclear Energy Trading Up 4.8%

Shares of NASDAQ NNE traded up $1.52 on Thursday, reaching $32.96. 2,192,318 shares of the company traded hands, compared to its average volume of 2,443,873. Nano Nuclear Energy Inc. has a fifty-two week low of $10.35 and a fifty-two week high of $48.05. The company has a 50 day moving average of $34.39 and a 200 day moving average of $30.24. The stock has a market capitalization of $1.37 billion, a PE ratio of -35.44 and a beta of 7.03.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.19) EPS for the quarter, beating analysts' consensus estimates of ($0.27) by $0.08. As a group, research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

NNE has been the subject of several research reports. Northland Capmk raised Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. BTIG Research started coverage on Nano Nuclear Energy in a research report on Thursday, August 28th. They set a "neutral" rating for the company. HC Wainwright reiterated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Friday, August 15th. LADENBURG THALM/SH SH cut Nano Nuclear Energy from a "buy" rating to a "sell" rating and dropped their price objective for the stock from $51.00 to $9.00 in a research report on Monday, August 18th. Finally, Northland Securities started coverage on Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $41.25.

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.