Nomura Holdings Inc. Has $62,000 Stake in NexGen Energy $NXE

Key Points

• Nomura Holdings Inc. significantly reduced its stake in NexGen Energy by 79.3%, owning only 13,866 shares worth approximately $62,000 at the end of the first quarter.
• Other institutional investors increased their stakes in NexGen Energy, with Packer & Co Ltd acquiring a stake valued at $13.58 million during the same period.
• NexGen Energy’s stock is currently rated as a "Buy" by multiple analysts, indicating potential growth despite recent earnings that missed expectations.

Nomura Holdings Inc. lessened its stake in NexGen Energy (NYSE:NXE - Free Report) by 79.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,866 shares of the company's stock after selling 53,191 shares during the period. Nomura Holdings Inc.'s holdings in NexGen Energy were worth $62,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXE. Compound Planning Inc. bought a new position in shares of NexGen Energy in the first quarter valued at approximately $46,000. Mariner LLC bought a new position in NexGen Energy during the 4th quarter valued at $68,000. Aptus Capital Advisors LLC bought a new position in NexGen Energy during the 4th quarter valued at $79,000. Ground Swell Capital LLC acquired a new position in shares of NexGen Energy during the 1st quarter valued at $55,000. Finally, Hsbc Holdings PLC raised its stake 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 buying an additional 3,473 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on NXE. TD Securities reaffirmed a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins assumed coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy".

NexGen Energy Stock Performance

Shares of NYSE NXE traded down $0.11 during mid-day trading on Thursday, reaching $7.88. The company had a trading volume of 5,658,336 shares, compared to its average volume of 7,163,191. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of -31.52 and a beta of 1.47. The stock has a fifty day moving average of $7.08 and a two-hundred day moving average of $6.02. 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 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 forecast that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

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.