Two Seas Capital LP Increases Position in X-Energy, Inc. $XE

Key Points

• Two Seas Capital increased its X-Energy stake by 39.4% in the third quarter, purchasing 394,413 additional shares to own 1.39 million shares worth approximately $19.8 million.
• Other institutional investors also added or initiated positions, while analysts maintain a “Moderate Buy” consensus with an average price target of $34.25, despite targets ranging from $9 to $57.
• X-Energy shares traded at $15.45, well below their 12-month high of $37.10. The company’s quarterly revenue rose 154% year over year to $54.6 million, but it missed EPS expectations and remains unprofitable.

Two Seas Capital LP raised its stake in shares of X-Energy, Inc. (NASDAQ:XE - Free Report) by 39.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,394,413 shares of the company's stock after purchasing an additional 394,413 shares during the period. X-Energy accounts for approximately 0.2% of Two Seas Capital LP's holdings, making the stock its 27th biggest position. Two Seas Capital LP owned 0.34% of X-Energy worth $19,773,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in XE. Segra Capital Management LLC boosted its stake in X-Energy by 8.3% during the third quarter. Segra Capital Management LLC now owns 15,678,017 shares of the company's stock valued at $222,314,000 after buying an additional 1,202,283 shares during the last quarter. Eastern Bank purchased a new stake in shares of X-Energy during the 3rd quarter worth approximately $28,000. State Street Corp bought a new position in shares of X-Energy during the 2nd quarter valued at approximately $8,522,000. Silicon Valley Capital Partners bought a new position in shares of X-Energy during the 2nd quarter valued at approximately $103,000. Finally, Tidal Investments LLC purchased a new position in shares of X-Energy in the second quarter valued at $3,344,000.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. UBS Group lowered their price objective on shares of X-Energy from $40.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, July 1st. Guggenheim reiterated a "buy" rating and issued a $57.00 price target on shares of X-Energy in a research report on Tuesday, September 8th. Piper Sandler assumed coverage on X-Energy in a research note on Tuesday, September 8th. They set an "underweight" rating and a $9.00 price objective on the stock. Texas Capital upgraded X-Energy to a "strong-buy" rating in a research report on Monday, September 14th. Finally, Jefferies Financial Group reiterated a "hold" rating and issued a $22.00 target price on shares of X-Energy in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.25.

X-Energy Stock Performance

Shares of XE traded up $1.04 during mid-day trading on Tuesday, reaching $15.45. 11,162,570 shares of the company's stock traded hands, compared to its average volume of 5,951,953. The firm's 50-day moving average is $17.48. X-Energy, Inc. has a 12 month low of $13.29 and a 12 month high of $37.10. The stock has a market capitalization of $6.28 billion and a PE ratio of -103.00.

X-Energy (NASDAQ:XE - Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.06). The company had revenue of $54.60 million during the quarter. The company's revenue was up 154.0% on a year-over-year basis. As a group, equities research analysts forecast that X-Energy, Inc. will post -0.71 EPS for the current year.

X-Energy Company Profile

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.

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