Rhumbline Advisers Purchases 23,416 Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE)

Rhumbline Advisers lifted its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 376.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,628 shares of the company's stock after acquiring an additional 23,416 shares during the quarter. Rhumbline Advisers owned about 0.08% of Nano Nuclear Energy worth $784,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Central Asset Investments & Management Holdings HK Ltd acquired a new position in Nano Nuclear Energy in the 4th quarter valued at $774,000. LPL Financial LLC acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at about $2,596,000. Franklin Resources Inc. acquired a new stake in shares of Nano Nuclear Energy in the fourth quarter valued at about $1,036,000. Millennium Management LLC bought a new position in shares of Nano Nuclear Energy in the fourth quarter worth about $1,253,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Nano Nuclear Energy during the 4th quarter worth about $271,000.

Nano Nuclear Energy Trading Up 11.0%

NASDAQ:NNE traded up $3.91 during trading hours on Tuesday, hitting $39.50. 5,088,866 shares of the company traded hands, compared to its average volume of 3,942,822. Nano Nuclear Energy Inc. has a twelve month low of $6.30 and a twelve month high of $48.05. The firm has a 50-day moving average of $27.72 and a 200 day moving average of $28.29. The stock has a market capitalization of $1.64 billion and a price-to-earnings ratio of -43.41.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.57) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.46). Equities research analysts predict that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, HC Wainwright reaffirmed a "buy" rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a report on Monday, March 31st.

Nano Nuclear Energy Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.