Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 12,000 Nano Nuclear Energy Inc. (NASDAQ:NNE)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 12,000 shares of the company's stock, valued at approximately $299,000.

Several other institutional investors also recently modified their holdings of the company. Anson Funds Management LP acquired a new position in Nano Nuclear Energy in the 4th quarter valued at $20,746,000. Hudson Bay Capital Management LP acquired a new position in shares of Nano Nuclear Energy in the fourth quarter valued at about $19,642,000. Vanguard Group Inc. increased its position in Nano Nuclear Energy by 2,838.5% during the fourth quarter. Vanguard Group Inc. now owns 685,619 shares of the company's stock worth $17,068,000 after acquiring an additional 662,287 shares during the period. Van ECK Associates Corp acquired a new stake in Nano Nuclear Energy in the 4th quarter worth about $11,311,000. Finally, Nuveen Asset Management LLC acquired a new stake in Nano Nuclear Energy in the 4th quarter worth about $4,544,000.

Nano Nuclear Energy Price Performance

NASDAQ:NNE traded down $1.20 during trading hours on Thursday, hitting $28.43. The company's stock had a trading volume of 2,128,309 shares, compared to its average volume of 3,772,322. The stock has a fifty day simple moving average of $25.20 and a 200-day simple moving average of $27.66. The company has a market capitalization of $1.07 billion and a P/E ratio of -69.34. Nano Nuclear Energy Inc. has a twelve month low of $6.30 and a twelve month high of $48.05.

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

Analyst Ratings Changes

Separately, HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research note 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.