Alps Advisors Inc. Grows Position in NexGen Energy (NYSE:NXE)

Alps Advisors Inc. increased its holdings in NexGen Energy (NYSE:NXE - Free Report) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,045,672 shares of the company's stock after acquiring an additional 1,299,255 shares during the quarter. NexGen Energy comprises approximately 0.4% of Alps Advisors Inc.'s portfolio, making the stock its 17th biggest position. Alps Advisors Inc. owned 2.99% of NexGen Energy worth $76,535,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its holdings in NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company's stock worth $33,000 after buying an additional 3,700 shares during the last quarter. Altshuler Shaham Ltd purchased a new position in NexGen Energy in the 4th quarter worth approximately $51,000. Mariner LLC bought a new position in NexGen Energy in the 4th quarter valued at approximately $68,000. Aptus Capital Advisors LLC purchased a new stake in NexGen Energy during the 4th quarter valued at $79,000. Finally, Hsbc Holdings PLC increased its holdings in shares of NexGen Energy by 22.8% in the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after purchasing an additional 3,473 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Up 1.7%

NXE traded up $0.11 during mid-day trading on Friday, reaching $6.62. 6,391,465 shares of the company traded hands, compared to its average volume of 7,786,902. The company's fifty day moving average price is $6.29 and its 200-day moving average price is $5.86. The stock has a market capitalization of $3.78 billion, a P/E ratio of -41.37 and a beta of 1.55. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). As a group, sell-side analysts forecast that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on NXE shares. Desjardins began coverage on NexGen Energy in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. Raymond James Financial restated an "outperform" rating on shares of NexGen Energy in a research note on Friday, April 4th. Four research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, NexGen Energy presently 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.