Man Group plc Purchases Shares of 275,069 NexGen Energy $NXE

Key Points

• Man Group acquired 275,069 NexGen Energy shares in the second quarter, worth approximately $2.58 million, joining other institutions that increased their positions. Institutional investors own 42.43% of the company.
• NexGen Energy shares were trading at $10.46, up 0.6%, with a market capitalization of about $7 billion and a 52-week range of $7.33 to $13.96.
• Analyst sentiment is mixed: three analysts rate the stock a Buy, one rates it Hold and one rates it Sell, resulting in an overall MarketBeat rating of Hold.

Man Group plc acquired a new position in shares of NexGen Energy (NYSE:NXE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 275,069 shares of the company's stock, valued at approximately $2,583,000.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of NexGen Energy by 15.5% in the fourth quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company's stock valued at $226,901,000 after purchasing an additional 3,304,071 shares in the last quarter. Amundi lifted its stake in NexGen Energy by 167.0% in the 1st quarter. Amundi now owns 2,083,568 shares of the company's stock valued at $24,169,000 after acquiring an additional 1,303,093 shares in the last quarter. Janus Henderson Group PLC boosted its position in NexGen Energy by 107.0% during the 1st quarter. Janus Henderson Group PLC now owns 799,183 shares of the company's stock worth $9,248,000 after acquiring an additional 413,061 shares during the last quarter. Ninepoint Partners LP acquired a new position in NexGen Energy during the 2nd quarter worth approximately $3,333,000. Finally, Temasek Holdings Private Ltd grew its stake in shares of NexGen Energy by 96.5% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,436,471 shares of the company's stock worth $28,263,000 after acquiring an additional 1,196,263 shares in the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Up 0.6%

NYSE:NXE opened at $10.46 on Tuesday. The stock has a market capitalization of $7.00 billion, a PE ratio of -26.15 and a beta of 1.40. NexGen Energy has a 1-year low of $7.33 and a 1-year high of $13.96. The firm has a fifty day simple moving average of $9.84 and a 200 day simple moving average of $11.04.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings reiterated a "sell (d-)" rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Finally, Wall Street Zen raised shares of NexGen Energy from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Three research 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 MarketBeat, NexGen Energy has an average rating of "Hold".

About NexGen Energy

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.

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