Man Group plc Buys 468,759 Shares of NexGen Energy Ltd. (NYSE:NXE)

Man Group plc boosted its stake in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 222.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,942 shares of the company's stock after acquiring an additional 468,759 shares during the quarter. Man Group plc owned 0.12% of NexGen Energy worth $4,488,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXE. Nomura Holdings Inc. bought a new position in NexGen Energy during the 4th quarter valued at about $443,000. Nuveen Asset Management LLC raised its stake in shares of NexGen Energy by 1.0% in the fourth quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock valued at $57,659,000 after acquiring an additional 82,413 shares during the last quarter. Numerai GP LLC acquired a new position in shares of NexGen Energy in the 4th quarter worth approximately $185,000. OMERS ADMINISTRATION Corp boosted its holdings in shares of NexGen Energy by 191.0% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 106,200 shares of the company's stock worth $701,000 after acquiring an additional 69,700 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in NexGen Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock valued at $230,828,000 after purchasing an additional 501,952 shares in the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Up 15.1%

NXE stock traded up $0.82 during midday trading on Friday, reaching $6.26. The stock had a trading volume of 21,173,496 shares, compared to its average volume of 7,049,803. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 41.74 and a beta of 1.50. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96. The business has a fifty day simple moving average of $4.99 and a two-hundred day simple moving average of $6.17.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). On average, equities analysts predict that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NXE shares. Stifel Nicolaus began coverage on 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 research report on Tuesday, March 11th. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Strong Buy".

About NexGen Energy

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.