MetLife Investment Management LLC Buys New Shares in Nano Nuclear Energy Inc. $NNE

Key Points

• MetLife Investment Management LLC acquired a new stake in Nano Nuclear Energy Inc., purchasing 14,586 shares valued at approximately $386,000 during the first quarter.
• Several large investors, including Nuveen LLC and Virtu Financial LLC, have also recently invested in Nano Nuclear Energy, signaling growing interest in the company.
• Equities analysts have provided mixed ratings for Nano Nuclear Energy, with one firm upgrading it to a "strong-buy" while another downgraded it to "sell"; the average consensus rating is "Moderate Buy" with a target price of $41.25.

MetLife Investment Management LLC acquired a new position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,586 shares of the company's stock, valued at approximately $386,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NNE. Vanguard Group Inc. increased its stake in shares of Nano Nuclear Energy by 44.4% in the first quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock valued at $26,196,000 after purchasing an additional 304,405 shares during the period. Nuveen Asset Management LLC acquired a new position in shares of Nano Nuclear Energy during the fourth quarter valued at approximately $4,544,000. BNP Paribas Financial Markets increased its stake in shares of Nano Nuclear Energy by 15,411.5% during the fourth quarter. BNP Paribas Financial Markets now owns 104,082 shares of the company's stock valued at $2,591,000 after acquiring an additional 103,411 shares during the period. Nuveen LLC acquired a new position in shares of Nano Nuclear Energy during the first quarter valued at approximately $2,574,000. Finally, Sharpepoint LLC increased its stake in shares of Nano Nuclear Energy by 469.5% during the first quarter. Sharpepoint LLC now owns 66,034 shares of the company's stock valued at $1,747,000 after acquiring an additional 54,438 shares during the period.

Analyst Ratings Changes

NNE has been the topic of a number of research analyst reports. Northland Capmk upgraded shares of Nano Nuclear Energy to a "strong-buy" rating in a research note on Monday, July 7th. Northland Securities started coverage on shares of Nano Nuclear Energy in a research note on Monday, July 7th. They issued an "outperform" rating and a $40.00 price objective for the company. BTIG Research started coverage on shares of Nano Nuclear Energy in a research report on Thursday, August 28th. They issued a "neutral" rating for the company. LADENBURG THALM/SH SH downgraded shares of Nano Nuclear Energy from a "buy" rating to a "sell" rating and dropped their target price for the stock from $51.00 to $9.00 in a report on Monday, August 18th. Finally, HC Wainwright restated a "buy" rating and issued a $50.00 price target on shares of Nano Nuclear Energy in a research report on Friday, August 15th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.25.

Nano Nuclear Energy Stock Performance

Shares of NASDAQ NNE traded up $0.10 during trading on Friday, reaching $33.06. The company had a trading volume of 1,446,925 shares, compared to its average volume of 2,446,028. Nano Nuclear Energy Inc. has a 52 week low of $10.35 and a 52 week high of $48.05. The stock has a market cap of $1.38 billion, a PE ratio of -35.55 and a beta of 7.03. The business's 50 day moving average price is $34.39 and its 200-day moving average price is $30.30.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($0.27) by $0.08. Equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.