NexGen Energy $NXE Shares Sold by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. reduced its stake in NexGen Energy by 25.1%, selling 79,380 shares and ending the quarter with 236,862 shares valued at approximately $1,061,000.
• NexGen Energy's stock received a buy rating from TD Securities and several analysts, with an average rating of "Buy" based on recent evaluations.
• NexGen Energy reported a quarterly loss with earnings per share of ($0.10), missing the consensus estimate of ($0.02) by ($0.08).

Russell Investments Group Ltd. cut its stake in NexGen Energy (NYSE:NXE - Free Report) by 25.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 236,862 shares of the company's stock after selling 79,380 shares during the quarter. Russell Investments Group Ltd.'s holdings in NexGen Energy were worth $1,061,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mariner LLC acquired a new stake in shares of NexGen Energy during the 4th quarter worth about $68,000. Aptus Capital Advisors LLC acquired a new position in NexGen Energy in the fourth quarter valued at about $79,000. Hsbc Holdings PLC boosted its stake in NexGen Energy by 22.8% during the fourth quarter. Hsbc Holdings PLC now owns 18,729 shares of the company's stock worth $124,000 after buying an additional 3,473 shares during the period. Deutsche Bank AG increased its position in shares of NexGen Energy by 34.7% during the first quarter. Deutsche Bank AG now owns 30,968 shares of the company's stock valued at $139,000 after acquiring an additional 7,977 shares during the last quarter. Finally, Rathbones Group PLC raised its stake in shares of NexGen Energy by 6.8% in the 1st quarter. Rathbones Group PLC now owns 33,131 shares of the company's stock valued at $149,000 after acquiring an additional 2,100 shares during the period. Hedge funds and other institutional investors own 42.43% of the company's stock.

NexGen Energy Stock Up 1.4%

NXE stock traded up $0.11 during midday trading on Wednesday, hitting $7.80. The company's stock had a trading volume of 1,133,781 shares, compared to its average volume of 9,168,700. The firm has a 50-day simple moving average of $6.93 and a 200-day simple moving average of $5.93. The firm has a market capitalization of $4.45 billion, a P/E ratio of -31.14 and a beta of 1.47. 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 Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). On average, sell-side analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on NXE shares. Desjardins started coverage on shares of NexGen Energy in a research report on Tuesday, June 10th. They set a "buy" rating for the company. TD Securities restated a "buy" rating on shares of NexGen Energy in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has an average 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.