Vident Advisory LLC Purchases 55,604 Shares of NexGen Energy $NXE

Key Points

• Vident Advisory LLC increased its holdings in NexGen Energy by 2.8% in the 1st quarter, owning approximately 2,044,791 shares valued at $9.18 million.
• NexGen Energy reported earnings per share of ($0.10) for the last quarter, missing analyst expectations by ($0.08).
• Analysts have a consensus rating of "Buy" for NexGen Energy, with two rating it as a Strong Buy and five as Buy.

Vident Advisory LLC raised its stake in shares of NexGen Energy (NYSE:NXE - Free Report) by 2.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,044,791 shares of the company's stock after purchasing an additional 55,604 shares during the quarter. Vident Advisory LLC owned 0.36% of NexGen Energy worth $9,181,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NXE. Bank of America Corp DE lifted its position in shares of NexGen Energy by 16.9% during the fourth quarter. Bank of America Corp DE now owns 1,995,608 shares of the company's stock worth $13,171,000 after purchasing an additional 288,102 shares in the last quarter. Cetera Investment Advisers grew its position in NexGen Energy by 2.6% in the fourth quarter. Cetera Investment Advisers now owns 104,611 shares of the company's stock valued at $690,000 after purchasing an additional 2,648 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of NexGen Energy by 11.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,726 shares of the company's stock valued at $178,000 after acquiring an additional 4,075 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of NexGen Energy by 7.7% during the 1st quarter. Bank of New York Mellon Corp now owns 2,021,300 shares of the company's stock worth $9,076,000 after buying an additional 144,742 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of NexGen Energy by 64.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 202,953 shares of the company's stock worth $911,000 after buying an additional 79,314 shares during the period. Institutional investors own 42.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NXE shares. TD Securities reissued a "buy" rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins started coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy".

NexGen Energy Stock Performance

NXE stock traded down $0.20 during mid-day trading on Tuesday, hitting $7.69. The company had a trading volume of 7,366,876 shares, compared to its average volume of 9,219,146. The firm has a market cap of $4.39 billion, a PE ratio of -30.74 and a beta of 1.46. The stock's fifty day moving average price is $6.91 and its two-hundred day moving average price is $5.91. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $8.96.

NexGen Energy (NYSE:NXE - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Equities analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current year.

NexGen Energy Company 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.