Raffles Associates LP acquired a new position in shares of NexGen Energy (NYSE:NXE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 100,000 shares of the company's stock, valued at approximately $939,000. NexGen Energy accounts for about 0.8% of Raffles Associates LP's holdings, making the stock its 27th biggest position.
Several other institutional investors also recently bought and sold shares of NXE. Norges Bank purchased a new position in shares of NexGen Energy in the 4th quarter valued at $72,303,000. The Manufacturers Life Insurance Company purchased a new stake in NexGen Energy during the 2nd quarter worth $68,283,000. CIBC Asset Management Inc increased its holdings in NexGen Energy by 341.9% in the 4th quarter. CIBC Asset Management Inc now owns 8,821,855 shares of the company's stock valued at $81,312,000 after purchasing an additional 6,825,731 shares in the last quarter. Van ECK Associates Corp increased its holdings in NexGen Energy by 23.4% in the 4th quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company's stock valued at $268,240,000 after purchasing an additional 5,523,932 shares in the last quarter. Finally, Millennium Management LLC raised its position in NexGen Energy by 97.8% in the third quarter. Millennium Management LLC now owns 10,134,381 shares of the company's stock valued at $90,718,000 after purchasing an additional 5,011,890 shares during the period. 42.43% of the stock is currently owned by hedge funds and other institutional investors.
NexGen Energy Trading Up 1.3%
Shares of NXE stock opened at $11.21 on Friday. The company has a market capitalization of $7.51 billion, a PE ratio of -28.04 and a beta of 1.40. The firm has a fifty day simple moving average of $9.84 and a 200-day simple moving average of $11.06. NexGen Energy has a twelve month low of $7.26 and a twelve month high of $13.96.
Analyst Ratings Changes
NXE has been the topic of a number of recent research reports. Scotiabank restated an "outperform" rating on shares of NexGen Energy in a research note on Friday, May 8th. Wall Street Zen upgraded NexGen Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, NexGen Energy presently has a consensus rating of "Hold".
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About NexGen Energy
(
Free Report)
NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.
The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.
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