L1 Capital Pty Ltd Has $137.37 Million Holdings in NexGen Energy $NXE

Key Points

• L1 Capital Pty Ltd increased its stake in NexGen Energy (NXE) by 11.8% during the 1st quarter, making it the firm's 2nd largest position at 12.8% of their portfolio.
• NexGen Energy's stock price has seen fluctuations, opening at $7.88 and ranging between a 1-year low of $3.91 and a high of $8.96.
• Analysts generally rate NexGen Energy as a "Buy," with two ratings as Strong Buy, indicating positive sentiment towards the company's future prospects.

L1 Capital Pty Ltd grew its stake in shares of NexGen Energy (NYSE:NXE - Free Report) by 11.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,644,505 shares of the company's stock after acquiring an additional 3,226,055 shares during the quarter. NexGen Energy comprises approximately 12.8% of L1 Capital Pty Ltd's investment portfolio, making the stock its 2nd largest holding. L1 Capital Pty Ltd owned about 5.38% of NexGen Energy worth $137,372,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Compound Planning Inc. acquired a new stake in shares of NexGen Energy in the 1st quarter worth $46,000. Ground Swell Capital LLC purchased a new stake in shares of NexGen Energy in the first quarter valued at approximately $55,000. Mariner LLC purchased a new stake in NexGen Energy during the fourth quarter worth $68,000. Aptus Capital Advisors LLC purchased a new stake in shares of NexGen Energy in the fourth quarter valued at $79,000. Finally, Hsbc Holdings PLC increased its stake in NexGen Energy by 10.4% in the first quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock valued at $93,000 after purchasing an additional 1,946 shares during the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Desjardins initiated coverage on NexGen Energy in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy".

NexGen Energy Stock Down 3.5%

NexGen Energy stock traded down $0.28 during trading hours on Thursday, hitting $7.60. The stock had a trading volume of 5,945,509 shares, compared to its average volume of 9,181,900. The company has a 50-day moving average of $6.96 and a two-hundred day moving average of $5.94. The company has a market cap of $4.34 billion, a PE ratio of -30.38 and a beta of 1.47. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data 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). As a group, analysts forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.

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.