Fielder Capital Group LLC Buys Shares of 256,898 NexGen Energy $NXE

Key Points

• Fielder Capital Group initiated a position in NexGen Energy by buying 256,898 shares worth approximately $2.4 million in the second quarter.
• Several other institutional investors also increased or initiated holdings, with hedge funds and institutions collectively owning 42.43% of NXE.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one Hold, and one Sell, resulting in an overall “Hold” consensus. NXE opened at $10.38, compared with a 52-week range of $6.26 to $13.96.

Fielder Capital Group LLC purchased a new position in NexGen Energy (NYSE:NXE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 256,898 shares of the company's stock, valued at approximately $2,412,000.

A number of other hedge funds also recently modified their holdings of the business. Leonteq Securities AG grew its position in shares of NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock valued at $28,000 after purchasing an additional 1,098 shares during the period. Trifecta Capital Advisors LLC bought a new stake in NexGen Energy during the 2nd quarter worth approximately $46,000. SBI Securities Co. Ltd. raised its holdings in NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock worth $73,000 after buying an additional 6,528 shares during the period. Tcfg Wealth Management LLC acquired a new stake in NexGen Energy during the 1st quarter worth approximately $116,000. Finally, Jump Financial LLC bought a new position in NexGen Energy in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 42.43% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NXE shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of NexGen Energy from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, May 8th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, NexGen Energy has an average rating of "Hold".

NexGen Energy Price Performance

NXE stock opened at $10.38 on Monday. The stock has a market capitalization of $6.95 billion, a P/E ratio of -25.95 and a beta of 1.40. NexGen Energy has a fifty-two week low of $6.26 and a fifty-two week high of $13.96. The business has a 50-day moving average of $9.73 and a 200-day moving average of $11.15.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

Want to see what other hedge funds are holding NXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexGen Energy (NYSE:NXE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source