Wellington Management Group LLP Invests $4.51 Million in NexGen Energy $NXE

Key Points

• Wellington Management Group purchased 480,044 NexGen Energy shares in the second quarter, valued at approximately $4.51 million, giving it a 0.07% stake.
• Other institutional investors also added to their positions, and institutions collectively own 42.43% of NexGen Energy.
• Analyst sentiment is mixed but leans positive: four analysts rate the stock a Buy, one rates it Hold, and one rates it Sell, resulting in a “Moderate Buy” consensus. Shares recently opened at $10.68, within a 52-week range of $7.33 to $13.96.

Wellington Management Group LLP purchased a new stake in NexGen Energy (NYSE:NXE - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 480,044 shares of the company's stock, valued at approximately $4,507,000. Wellington Management Group LLP owned 0.07% of NexGen Energy as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of NXE. Leonteq Securities AG grew its position in shares of NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company's stock worth $28,000 after buying an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC bought a new stake in shares of NexGen Energy in the second quarter valued at about $46,000. SBI Securities Co. Ltd. lifted its stake in NexGen Energy by 454.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company's stock worth $73,000 after acquiring an additional 6,528 shares during the period. Flow Traders U.S. LLC purchased a new stake in NexGen Energy in the second quarter worth about $76,000. Finally, Jump Financial LLC bought a new position in NexGen Energy during the 4th quarter worth about $93,000. Institutional investors own 42.43% of the company's stock.

Analyst Ratings Changes

NXE has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on shares of NexGen Energy in a research report on Thursday, September 3rd. They set a "buy" rating on the stock. Wall Street Zen upgraded shares of NexGen Energy from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of NexGen Energy in a report on Friday, August 28th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, NexGen Energy presently has an average rating of "Moderate Buy".

NexGen Energy Price Performance

Shares of NYSE NXE opened at $10.68 on Thursday. The stock has a market capitalization of $7.15 billion, a P/E ratio of -26.69 and a beta of 1.40. NexGen Energy has a 1-year low of $7.33 and a 1-year high of $13.96. The business has a fifty day moving average price of $9.94 and a 200 day moving average price of $10.97.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company's primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen's technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world's most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.

Want to see what other hedge funds are holding NXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexGen Energy (NYSE:NXE - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.