NexGen Energy $NXE Stock Position Reduced by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in NexGen Energy by 19.3%, owning approximately 0.06% of the company after selling 77,280 shares during the first quarter.
• NexGen Energy's latest quarterly earnings report showed a loss of ($0.10) earnings per share, missing analyst expectations of ($0.02) by a margin of ($0.08).
• The stock currently has a consensus rating of "Buy", with one analyst rating it as Strong Buy, and the company has a market capitalization of $4.44 billion.

Federation des caisses Desjardins du Quebec lessened its position in shares of NexGen Energy (NYSE:NXE - Free Report) by 19.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 322,488 shares of the company's stock after selling 77,280 shares during the period. Federation des caisses Desjardins du Quebec owned approximately 0.06% of NexGen Energy worth $1,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NXE. Hsbc Holdings PLC lifted its position in NexGen Energy by 10.4% during the first quarter. Hsbc Holdings PLC now owns 20,675 shares of the company's stock valued at $93,000 after buying an additional 1,946 shares in the last quarter. Rathbones Group PLC lifted its holdings in shares of NexGen Energy by 6.8% during the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after acquiring an additional 2,100 shares in the last quarter. Cetera Investment Advisers boosted its position in NexGen Energy by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock worth $690,000 after purchasing an additional 2,648 shares during the period. Mackenzie Financial Corp boosted its position in NexGen Energy by 1.3% during the 1st quarter. Mackenzie Financial Corp now owns 233,457 shares of the company's stock worth $1,046,000 after purchasing an additional 2,933 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in NexGen Energy by 11.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company's stock valued at $178,000 after purchasing an additional 4,075 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company's stock.

NexGen Energy Trading Down 3.3%

NYSE:NXE traded down $0.26 on Friday, reaching $7.61. The stock had a trading volume of 6,421,156 shares, compared to its average volume of 7,214,483. The company has a 50-day moving average of $7.09 and a 200 day moving average of $6.04. The stock has a market cap of $4.37 billion, a P/E ratio of -30.44 and a beta of 1.47. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). On average, equities analysts predict that NexGen Energy will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on NXE shares. Desjardins started coverage on NexGen Energy in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. TD Securities reiterated a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "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.