Vident Advisory LLC Reduces Holdings in NexGen Energy Ltd. (NYSE:NXE)

Vident Advisory LLC trimmed its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 14.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,989,187 shares of the company's stock after selling 326,087 shares during the quarter. Vident Advisory LLC owned 0.35% of NexGen Energy worth $13,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in NexGen Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock worth $230,828,000 after acquiring an additional 501,952 shares during the last quarter. Vanguard Group Inc. increased its position in shares of NexGen Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company's stock valued at $134,779,000 after acquiring an additional 298,106 shares during the last quarter. Nuveen Asset Management LLC increased its position in shares of NexGen Energy by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock valued at $57,659,000 after acquiring an additional 82,413 shares during the last quarter. Van ECK Associates Corp increased its position in shares of NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock valued at $55,971,000 after acquiring an additional 3,762,756 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of NexGen Energy by 222.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock valued at $41,882,000 after acquiring an additional 4,378,933 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Raymond James reiterated an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Nicolaus started coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, NexGen Energy presently has an average rating of "Strong Buy".

NexGen Energy Trading Up 15.1%

Shares of NXE stock traded up $0.82 during trading hours on Friday, hitting $6.26. 21,173,496 shares of the company's stock were exchanged, compared to its average volume of 7,049,723. The company has a market capitalization of $3.57 billion, a PE ratio of 41.74 and a beta of 1.50. NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.96. The business's 50 day simple moving average is $4.99 and its 200-day simple moving average is $6.17.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). Equities analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current year.

NexGen Energy Company Profile

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.