National Bank of Canada FI Sells 49,539 Shares of NexGen Energy (NYSE:NXE)

Key Points

• National Bank of Canada FI reduced its holdings in NexGen Energy by 11.7%, selling 49,539 shares to hold 375,453 shares, valued at approximately $1.67 million.
• Several other hedge funds have increased their stakes in NexGen Energy, including Hsbc Holdings PLC with a 22.8% increase and Aptus Capital Advisors LLC acquiring new shares.
• NexGen Energy recently reported a loss of ($0.10) earnings per share, missing the consensus estimate by ($0.08), with analysts projecting a forecast of -0.05 EPS for the current fiscal year.

National Bank of Canada FI trimmed its holdings in shares of NexGen Energy (NYSE:NXE - Free Report) by 11.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,453 shares of the company's stock after selling 49,539 shares during the period. National Bank of Canada FI owned about 0.07% of NexGen Energy worth $1,673,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in shares of NexGen Energy during the 4th quarter worth $51,000. Mariner LLC bought a new stake in shares of NexGen Energy during the 4th quarter worth $68,000. Aptus Capital Advisors LLC bought a new stake in shares of NexGen Energy during the 4th quarter worth $79,000. Hsbc Holdings PLC raised its stake in shares of NexGen Energy by 22.8% during the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after purchasing an additional 3,473 shares during the period. Finally, Invesco Ltd. raised its stake in shares of NexGen Energy by 6.7% during the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after purchasing an additional 1,656 shares during the period. 42.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on NXE. TD Securities restated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Desjardins began coverage on NexGen Energy in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Five research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy".

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $6.79 on Friday. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96. The stock's 50-day simple moving average is $6.81 and its 200 day simple moving average is $5.87. The stock has a market capitalization of $3.87 billion, a P/E ratio of -27.14 and a beta of 1.45.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly 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 forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.

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.

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