GTS Securities LLC trimmed its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 88.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,183 shares of the company's stock after selling 143,947 shares during the period. GTS Securities LLC's holdings in NexGen Energy were worth $127,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after purchasing an additional 3,700 shares during the last quarter. Altshuler Shaham Ltd acquired a new position in shares of NexGen Energy during the 4th quarter worth approximately $51,000. Mariner LLC acquired a new position in shares of NexGen Energy during the 4th quarter worth approximately $68,000. Aptus Capital Advisors LLC acquired a new position in shares of NexGen Energy during the 4th quarter worth approximately $79,000. Finally, Matauro LLC acquired a new position in shares of NexGen Energy during the 4th quarter worth approximately $84,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.
NexGen Energy Price Performance
NXE stock traded up $0.04 during midday trading on Wednesday, hitting $6.41. The stock had a trading volume of 9,288,940 shares, compared to its average volume of 7,207,533. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96. The company's 50-day moving average price is $5.21 and its 200 day moving average price is $6.11. The firm has a market cap of $3.65 billion, a PE ratio of 42.74 and a beta of 1.54.
NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.04). As a group, sell-side analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.
Wall Street Analysts Forecast Growth
NXE has been the subject of several research reports. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Three equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Strong Buy".
Read Our Latest Research Report on NexGen Energy
About NexGen Energy
(
Free Report)
NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.
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