NexGen Energy $NXE Stock Bought by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its NexGen Energy stake by 595.4% in the third quarter, adding 176,705 shares to own 206,381 shares valued at approximately $1.88 million.
• Hedge funds and institutional investors collectively own 42.43% of NexGen Energy, with several firms establishing or expanding positions during the year.
• NexGen shares opened at $8.37, near the lower end of their 52-week range, while analysts maintain a consensus “Moderate Buy” rating and a $14.00 price target.

Vontobel Holding Ltd. raised its stake in NexGen Energy (NYSE:NXE - Free Report) by 595.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 206,381 shares of the company's stock after acquiring an additional 176,705 shares during the period. Vontobel Holding Ltd.'s holdings in NexGen Energy were worth $1,881,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Leonteq Securities AG boosted its holdings in shares of NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock valued at $28,000 after purchasing an additional 1,098 shares during the last quarter. Trifecta Capital Advisors LLC purchased a new position in shares of NexGen Energy during the second quarter valued at about $46,000. Integrated Wealth Concepts LLC purchased a new position in shares of NexGen Energy during the second quarter valued at about $62,000. Tcfg Wealth Management LLC bought a new stake in shares of NexGen Energy in the first quarter worth about $116,000. Finally, Lifetime Wealth Management P.C. bought a new stake in shares of NexGen Energy in the second quarter worth about $94,000. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Down 0.1%

NexGen Energy stock opened at $8.37 on Monday. The company has a market cap of $5.60 billion, a price-to-earnings ratio of -20.91 and a beta of 1.45. The firm's fifty day moving average is $9.82 and its 200 day moving average is $10.41. NexGen Energy has a 52-week low of $7.33 and a 52-week high of $13.96.

Analyst Ratings Changes

NXE has been the topic of a number of research analyst reports. Wall Street Zen downgraded NexGen Energy from a "sell" rating to a "strong sell" rating in a research report on Saturday. Jefferies Financial Group assumed coverage on NexGen Energy in a report on Thursday, September 3rd. They set a "buy" rating for the company. JPMorgan Chase & Co. began coverage on NexGen Energy in a report on Monday, September 21st. They set an "overweight" rating and a $14.00 price target for the company. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of NexGen Energy in a research note on Friday, August 28th. Five investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

NexGen Energy Company Profile

NexGen Energy Ltd. is a mineral exploration and development company focused on uranium assets in the Athabasca Basin of Saskatchewan, Canada. The company's primary project is the Rook I property, which hosts the Arrow uranium deposit in the western Athabasca Basin.

NexGen is advancing Rook I through exploration, technical studies, permitting and development activities. Its work includes drilling, resource evaluation, environmental assessment and infrastructure planning related to the potential future production of uranium.

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