NexGen Energy $NXE Shares Purchased by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos Ltda significantly increased its stake in NexGen Energy by 54.8%, owning a total of 1,608,804 shares, which makes it the company's 11th largest holding.
• NexGen Energy shares experienced a 5.1% increase, opening at $8.81, with a 52-week range from $3.91 to $8.96.
• The company reported a loss of $0.10 EPS for the last quarter, missing analyst expectations, which predicted a loss of $0.02.

Kapitalo Investimentos Ltda raised its holdings in shares of NexGen Energy (NYSE:NXE - Free Report) by 54.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,608,804 shares of the company's stock after acquiring an additional 569,754 shares during the period. NexGen Energy makes up about 2.4% of Kapitalo Investimentos Ltda's portfolio, making the stock its 11th biggest position. Kapitalo Investimentos Ltda owned about 0.28% of NexGen Energy worth $11,165,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NXE. L1 Capital Pty Ltd lifted its position in NexGen Energy by 11.8% in the first quarter. L1 Capital Pty Ltd now owns 30,644,505 shares of the company's stock valued at $137,372,000 after purchasing an additional 3,226,055 shares during the period. Vanguard Group Inc. increased its stake in NexGen Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock valued at $93,928,000 after buying an additional 520,279 shares during the period. Alps Advisors Inc. lifted its holdings in shares of NexGen Energy by 8.3% during the first quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company's stock valued at $76,535,000 after purchasing an additional 1,299,255 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of NexGen Energy by 1.4% during the 1st quarter. The Manufacturers Life Insurance Company now owns 7,220,545 shares of the company's stock valued at $32,317,000 after buying an additional 98,128 shares during the period. Finally, Encompass Capital Advisors LLC lifted its position in NexGen Energy by 249.5% during the 1st quarter. Encompass Capital Advisors LLC now owns 4,153,080 shares of the company's stock worth $18,635,000 after acquiring an additional 2,964,900 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Up 1.2%

NXE stock traded up $0.11 during trading hours on Monday, hitting $8.92. The company's stock had a trading volume of 9,744,810 shares, compared to its average volume of 7,600,392. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $8.96. The stock has a 50 day moving average price of $7.32 and a two-hundred day moving average price of $6.20. The company has a market capitalization of $5.12 billion, a PE ratio of -35.66 and a beta of 1.46.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). Sell-side analysts expect that NexGen Energy will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on NXE. Desjardins began coverage on NexGen Energy in a report on Tuesday, June 10th. They set a "buy" rating for the company. TD Securities restated a "buy" rating on shares of NexGen Energy in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Buy rating to the company's stock. According to MarketBeat, NexGen Energy currently has a consensus rating of "Buy".

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.