MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 1,026,263 Shares of NexGen Energy $NXE

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. has reduced its stake in NexGen Energy by 2.9%, now holding 33,992,360 shares worth approximately $152.34 million.
• Several institutional investors have also adjusted their positions, with 42.43% of NexGen Energy's stock being owned by such entities, indicating strong institutional interest.
• Analysts have a generally positive outlook on NexGen Energy, with a consensus rating of "Buy" and several firms initiating coverage or reissuing buy ratings.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in NexGen Energy (NYSE:NXE - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,992,360 shares of the company's stock after selling 1,026,263 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 5.97% of NexGen Energy worth $152,337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Compound Planning Inc. acquired a new stake in shares of NexGen Energy in the first quarter worth $46,000. Mariner LLC acquired a new stake in shares of NexGen Energy in the fourth quarter worth $68,000. Aptus Capital Advisors LLC acquired a new stake in shares of NexGen Energy in the fourth quarter worth $79,000. Ground Swell Capital LLC acquired a new stake in shares of NexGen Energy in the first quarter worth $55,000. Finally, Hsbc Holdings PLC boosted its position in shares of NexGen Energy by 22.8% in the fourth quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after buying an additional 3,473 shares during the period. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Up 1.8%

NYSE NXE traded up $0.15 during trading on Wednesday, hitting $8.00. 4,366,269 shares of the company traded hands, compared to its average volume of 9,128,005. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $8.96. The business has a fifty day simple moving average of $7.03 and a 200 day simple moving average of $5.99. The company has a market capitalization of $4.57 billion, a P/E ratio of -31.94 and a beta of 1.46.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Desjardins started coverage on NexGen Energy in a research report on Tuesday, June 10th. They issued a "buy" rating for the company. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "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.