Nano Nuclear Energy Inc. (NASDAQ:NNE) Shares Purchased by New York State Common Retirement Fund

Key Points

• The New York State Common Retirement Fund increased its position in Nano Nuclear Energy Inc. by 533.3%, now owning 7,600 shares valued at approximately $201,000.
• Nano Nuclear Energy recently reported a loss of $0.57 EPS, significantly missing the expected consensus estimate of ($0.11).
• The company has received multiple buy ratings from brokers, with a consensus price target of $51.75 for the stock, indicating strong analyst confidence.

New York State Common Retirement Fund raised its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 533.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,600 shares of the company's stock after acquiring an additional 6,400 shares during the quarter. New York State Common Retirement Fund's holdings in Nano Nuclear Energy were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of NNE. LPL Financial LLC acquired a new position in shares of Nano Nuclear Energy in the 4th quarter valued at $2,596,000. Franklin Resources Inc. acquired a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $1,036,000. SG Americas Securities LLC boosted its stake in shares of Nano Nuclear Energy by 113.8% during the 1st quarter. SG Americas Securities LLC now owns 29,586 shares of the company's stock worth $783,000 after acquiring an additional 15,747 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Nano Nuclear Energy during the 4th quarter valued at about $1,253,000. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Nano Nuclear Energy in the 4th quarter valued at about $271,000.

Nano Nuclear Energy Price Performance

NASDAQ NNE opened at $41.85 on Friday. The stock's 50 day simple moving average is $33.67 and its 200-day simple moving average is $29.85. The company has a market cap of $1.74 billion, a PE ratio of -45.99 and a beta of 7.29. Nano Nuclear Energy Inc. has a 1-year low of $6.30 and a 1-year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last posted its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.46). On average, equities research analysts anticipate that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on NNE. Northland Capmk upgraded Nano Nuclear Energy to a "strong-buy" rating in a research report on Monday, July 7th. Northland Securities initiated coverage on Nano Nuclear Energy in a research report on Monday, July 7th. They set an "outperform" rating and a $40.00 target price on the stock. LADENBURG THALM/SH SH initiated coverage on shares of Nano Nuclear Energy in a report on Thursday, July 10th. They issued a "buy" rating and a $51.00 price target for the company. Finally, HC Wainwright reaffirmed a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a report on Monday, March 31st. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $51.75.

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.

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