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

Trexquant Investment LP lowered its holdings in shares of NexGen Energy (NYSE:NXE - Free Report) by 55.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,242 shares of the company's stock after selling 114,030 shares during the period. Trexquant Investment LP's holdings in NexGen Energy were worth $419,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of NexGen Energy by 1.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,018,623 shares of the company's stock worth $230,828,000 after buying an additional 501,952 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of NexGen Energy by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 20,956,792 shares of the company's stock worth $93,928,000 after buying an additional 520,279 shares in the last quarter. Alps Advisors Inc. raised its holdings in shares of NexGen Energy by 8.3% during the 1st quarter. Alps Advisors Inc. now owns 17,045,672 shares of the company's stock worth $76,535,000 after buying an additional 1,299,255 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of NexGen Energy by 1.0% during the 4th quarter. Nuveen Asset Management LLC now owns 8,747,305 shares of the company's stock worth $57,659,000 after buying an additional 82,413 shares in the last quarter. Finally, Packer & Co Ltd acquired a new position in shares of NexGen Energy during the 1st quarter worth $13,581,000. Institutional investors and hedge funds own 42.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NXE. 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 report 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. Based on data from MarketBeat, NexGen Energy has a consensus rating of "Buy".

NexGen Energy Trading Up 2.2%

NYSE NXE opened at $7.98 on Tuesday. The business's 50-day moving average price is $7.01 and its two-hundred day moving average price is $5.98. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $8.96. The firm has a market capitalization of $4.56 billion, a PE ratio of -31.90 and a beta of 1.46.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.