Rhumbline Advisers Purchases 23,416 Shares of Nano Nuclear Energy Inc. $NNE

Key Points

• Rhumbline Advisers increased its stake in Nano Nuclear Energy Inc. by 376.9% during the first quarter, owning a total of 29,628 shares valued at $784,000 according to the SEC filing.
• Several other institutional investors also significantly increased their holdings in Nano Nuclear Energy, with acquisitions totaling over $1.8 million combined in the same period.
• Nano Nuclear Energy's stock has received a mix of ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $41.25.

Rhumbline Advisers raised its stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 376.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,628 shares of the company's stock after buying an additional 23,416 shares during the period. Rhumbline Advisers owned about 0.08% of Nano Nuclear Energy worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of NNE. Vanguard Group Inc. lifted its stake in Nano Nuclear Energy by 44.4% during the 1st quarter. Vanguard Group Inc. now owns 990,024 shares of the company's stock valued at $26,196,000 after acquiring an additional 304,405 shares during the period. Nuveen Asset Management LLC purchased a new stake in shares of Nano Nuclear Energy during the fourth quarter worth $4,544,000. Nuveen LLC acquired a new position in shares of Nano Nuclear Energy during the 1st quarter valued at about $2,574,000. Sharpepoint LLC boosted its position in shares of Nano Nuclear Energy by 469.5% during the 1st 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 last quarter. Finally, Millennium Management LLC acquired a new position in Nano Nuclear Energy in the fourth quarter valued at about $1,253,000.

Nano Nuclear Energy Trading Down 2.0%

Shares of NASDAQ NNE traded down $0.94 during mid-day trading on Monday, hitting $45.37. 5,189,173 shares of the company traded hands, compared to its average volume of 2,875,148. The business has a 50 day moving average of $34.83 and a two-hundred day moving average of $30.69. Nano Nuclear Energy Inc. has a 1 year low of $12.05 and a 1 year high of $48.05.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last issued its earnings results on Thursday, August 14th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. Sell-side analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current year.

Analyst Upgrades and Downgrades

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

About Nano Nuclear Energy

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.