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

Vident Advisory LLC reduced its stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the 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 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Janney Montgomery Scott LLC lifted its holdings in shares of NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock worth $101,000 after acquiring an additional 1,500 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of NexGen Energy by 6.7% in the 4th quarter. Invesco Ltd. now owns 26,399 shares of the company's stock worth $174,000 after acquiring an additional 1,656 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of NexGen Energy by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock worth $690,000 after acquiring an additional 2,648 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after acquiring an additional 3,473 shares during the last quarter. Finally, Tcfg Wealth Management LLC lifted its holdings in shares of NexGen Energy by 6.3% in the 4th quarter. Tcfg Wealth Management LLC now owns 62,500 shares of the company's stock worth $412,000 after acquiring an additional 3,700 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Stock Up 1.2%

NXE stock traded up $0.07 during midday trading on Wednesday, hitting $5.48. The company's stock had a trading volume of 4,411,246 shares, compared to its average volume of 6,985,571. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The firm has a market capitalization of $3.12 billion, a P/E ratio of 36.50 and a beta of 1.50. The firm has a 50-day simple moving average of $4.95 and a 200-day simple moving average of $6.18.

NexGen Energy (NYSE:NXE - Get Free Report) last issued 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). On average, sell-side analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a report on Tuesday, March 11th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Nicolaus began coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Three analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, NexGen Energy currently has a consensus rating of "Strong Buy".

NexGen Energy 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.