Trexquant Investment LP Has $419,000 Stock Position in NexGen Energy $NXE

Trexquant Investment LP cut its stake in NexGen Energy (NYSE:NXE - Free Report) by 55.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,242 shares of the company's stock after selling 114,030 shares during the quarter. Trexquant Investment LP's holdings in NexGen Energy were worth $419,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NXE. Old West Investment Management LLC grew its holdings in NexGen Energy by 94.4% during the first quarter. Old West Investment Management LLC now owns 1,953,753 shares of the company's stock worth $8,772,000 after buying an additional 948,773 shares in the last quarter. Anson Funds Management LP purchased a new stake in NexGen Energy during the 1st quarter valued at about $7,846,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in NexGen Energy by 26.5% in the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 320,455 shares of the company's stock worth $1,437,000 after buying an additional 67,095 shares during the period. Sprott Inc. lifted its stake in shares of NexGen Energy by 3.7% in the 1st quarter. Sprott Inc. now owns 404,848 shares of the company's stock valued at $1,817,000 after purchasing an additional 14,350 shares during the period. Finally, Compound Planning Inc. bought a new position in NexGen Energy during the 1st quarter valued at approximately $46,000. Institutional investors own 42.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NXE shares. TD Securities reissued a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins began coverage on NexGen Energy in a research note on Tuesday, June 10th. They set 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. Based on data from MarketBeat, the company has an average rating of "Buy".

NexGen Energy Price Performance

Shares of NexGen Energy stock traded down $0.26 during trading on Friday, hitting $7.61. 6,421,156 shares of the stock were exchanged, compared to its average volume of 7,214,483. NexGen Energy has a 12-month low of $3.91 and a 12-month high of $8.96. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of -30.44 and a beta of 1.47. The firm's 50-day moving average price is $7.09 and its 200 day moving average price is $6.04.

NexGen Energy (NYSE:NXE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.08). As a group, research analysts forecast that NexGen Energy will post -0.05 earnings per share for the current year.

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.