Kingdon Capital Management L.L.C. Raises Position in NexGen Energy $NXE

Key Points

• Kingdon Capital Management L.L.C. increased its stake in NexGen Energy by 5.6%, owning approximately 1,877,837 shares worth about $8.4 million after acquiring an additional 100,000 shares in Q1.
• A total of 42.43% of NexGen Energy's stock is owned by hedge funds and institutional investors, indicating significant institutional interest in the company.
• Despite a recent earnings miss with reported EPS of ($0.10), NexGen Energy has received positive analyst ratings, with an average recommendation of "Buy".

Kingdon Capital Management L.L.C. grew its position in NexGen Energy (NYSE:NXE - Free Report) by 5.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,877,837 shares of the company's stock after acquiring an additional 100,000 shares during the period. Kingdon Capital Management L.L.C. owned 0.33% of NexGen Energy worth $8,431,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Invesco Ltd. lifted its stake in shares of NexGen Energy by 6.7% in the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock valued at $174,000 after acquiring an additional 1,656 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of NexGen Energy by 10.4% in the 1st quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock valued at $93,000 after acquiring an additional 1,946 shares during the last quarter. Rathbones Group PLC lifted its stake in shares of NexGen Energy by 6.8% in the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after acquiring an additional 2,100 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of NexGen Energy by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after acquiring an additional 2,648 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of NexGen Energy by 1.3% in the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company's stock valued at $1,046,000 after acquiring an additional 2,933 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Price Performance

Shares of NXE traded up $0.16 during trading hours on Wednesday, hitting $7.85. The stock had a trading volume of 6,177,273 shares, compared to its average volume of 9,200,932. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $8.96. The firm has a market capitalization of $4.48 billion, a P/E ratio of -31.40 and a beta of 1.47. The firm has a 50 day simple moving average of $6.93 and a 200-day simple moving average of $5.93.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Equities analysts predict that NexGen Energy will post -0.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Desjardins assumed coverage on NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company's stock. According to data from MarketBeat, NexGen Energy presently has an average rating of "Buy".

NexGen Energy Company Profile

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.