Regal Partners Ltd Buys 158,693 Shares of NexGen Energy (NYSE:NXE)

Key Points

• Regal Partners Ltd significantly increased its shareholding in NexGen Energy by 122.6% during the first quarter, now owning 288,138 shares valued at approximately $1.29 million.
• NexGen Energy reported a quarterly loss of ($0.10) EPS, which missed analyst expectations of ($0.02), and is projected to post -0.05 EPS for the current year.
• The stock price of NexGen Energy is currently $6.92, with a market cap of $3.95 billion and has seen a trading range between $3.91 and $8.96 over the past year.

Regal Partners Ltd raised its holdings in shares of NexGen Energy (NYSE:NXE - Free Report) by 122.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 288,138 shares of the company's stock after purchasing an additional 158,693 shares during the quarter. Regal Partners Ltd owned approximately 0.05% of NexGen Energy worth $1,294,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in NexGen Energy by 1.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock valued at $230,828,000 after purchasing an additional 501,952 shares during the last quarter. Vanguard Group Inc. lifted its holdings in NexGen Energy by 2.5% during the first quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock valued at $93,928,000 after purchasing an additional 520,279 shares during the last quarter. Alps Advisors Inc. lifted its holdings in 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. Nuveen Asset Management LLC lifted its holdings in NexGen Energy by 1.0% during the fourth quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock valued at $57,659,000 after purchasing an additional 82,413 shares during the last quarter. Finally, Mirabella Financial Services LLP lifted its holdings in NexGen Energy by 12.3% during the fourth quarter. Mirabella Financial Services LLP now owns 3,342,960 shares of the company's stock valued at $22,044,000 after purchasing an additional 365,390 shares during the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Up 0.1%

NYSE:NXE traded up $0.01 during mid-day trading on Thursday, hitting $6.79. 4,629,626 shares of the stock traded hands, compared to its average volume of 7,056,893. The business's 50-day moving average price is $6.81 and its 200 day moving average price is $5.87. The company has a market cap of $3.87 billion, a PE ratio of -27.14 and a beta of 1.45. 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 issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Desjardins assumed coverage on NexGen Energy in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. TD Securities reaffirmed a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. Five equities research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company 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.