Man Group plc Grows Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Man Group plc lifted its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 222.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 679,942 shares of the company's stock after buying an additional 468,759 shares during the period. Man Group plc owned about 0.12% of NexGen Energy worth $4,488,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NXE. Janney Montgomery Scott LLC increased its holdings in shares of NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after buying an additional 1,500 shares during the last quarter. Silver Lake Advisory LLC bought a new stake in shares of NexGen Energy in the 4th quarter worth about $73,000. Caprock Group LLC bought a new stake in shares of NexGen Energy in the 4th quarter worth about $462,000. Jennison Associates LLC bought a new stake in shares of NexGen Energy in the 4th quarter worth about $2,487,000. Finally, Van ECK Associates Corp increased its holdings in shares of NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after buying an additional 3,762,756 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NXE. Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Nicolaus began coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Three investment analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Strong Buy".

NexGen Energy Stock Up 1.8%

NYSE:NXE traded up $0.11 during mid-day trading on Tuesday, hitting $6.35. 14,347,292 shares of the stock traded hands, compared to its average volume of 7,079,014. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 42.34 and a beta of 1.50. NexGen Energy Ltd. has a 52 week low of $3.91 and a 52 week high of $8.96. The firm's 50 day moving average is $5.05 and its two-hundred day moving average is $6.14.

NexGen Energy (NYSE:NXE - Get Free Report) last released 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, research analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current year.

NexGen Energy 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.