NexGen Energy $NXE is Azarias Capital Management L.P.'s 4th Largest Position

Key Points

• Azarias Capital Management L.P. has reduced its holdings in NexGen Energy by 20.9%, now owning approximately 1.41 million shares, making it the firm's 4th largest position.
• The company reported a loss of ($0.10) earnings per share in its last quarterly earnings, falling short of the analysts' expectations of ($0.02).
• NexGen Energy has a market capitalization of $5.02 billion and the stock has experienced a 1-year high of $9.43 and a low of $3.91.

Azarias Capital Management L.P. reduced its position in shares of NexGen Energy (NYSE:NXE - Free Report) by 20.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,414,414 shares of the company's stock after selling 374,237 shares during the period. NexGen Energy makes up approximately 4.5% of Azarias Capital Management L.P.'s portfolio, making the stock its 4th largest position. Azarias Capital Management L.P. owned about 0.25% of NexGen Energy worth $9,816,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Compound Planning Inc. purchased a new position in NexGen Energy during the first quarter worth about $46,000. PenderFund Capital Management Ltd. raised its stake in shares of NexGen Energy by 45.0% during the 1st quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company's stock worth $52,000 after buying an additional 3,600 shares in the last quarter. Ground Swell Capital LLC purchased a new position in shares of NexGen Energy during the 1st quarter worth approximately $55,000. Hsbc Holdings PLC raised its stake in shares of NexGen Energy by 10.4% during the 1st quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock worth $93,000 after buying an additional 1,946 shares in the last quarter. Finally, New Harbor Financial Group LLC raised its position in NexGen Energy by 66.7% in the first quarter. New Harbor Financial Group LLC now owns 25,000 shares of the company's stock worth $112,000 after acquiring an additional 10,000 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

NYSE NXE opened at $8.73 on Friday. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $9.43. The company has a market capitalization of $5.02 billion, a P/E ratio of -34.90 and a beta of 1.44. The business has a 50 day moving average price of $7.66 and a 200 day moving average price of $6.44.

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 analysts' consensus estimates of ($0.02) by ($0.08). On average, research analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a research report on Friday, August 8th. Desjardins began coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of NexGen Energy in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate 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.

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