WINTON GROUP Ltd Acquires Shares of 89,575 X-Energy, Inc. $XE

Key Points

• WINTON GROUP Ltd initiated a position in X-Energy, buying 89,575 shares valued at approximately $1.65 million. Several other institutional investors also established new stakes during the second quarter, including Wellington Management with an investment of about $15 million.
• X-Energy shares opened at $14.93, down 5.7%, with the stock trading well below its 52-week high of $37.10. The company reported a quarterly loss of $0.15 per share, missing estimates, although revenue rose 154% year over year to $54.6 million.
• Analyst views remain mixed: six rate the stock Buy, three Hold, and two Sell. The consensus rating is Hold, with an average price target of $34.25, while individual targets range from $9 to $57.

WINTON GROUP Ltd bought a new position in shares of X-Energy, Inc. (NASDAQ:XE - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 89,575 shares of the company's stock, valued at approximately $1,645,000.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in X-Energy during the 2nd quarter worth $1,251,000. Public Employees Retirement System of Ohio acquired a new position in X-Energy in the second quarter valued at $221,000. Formula Growth Ltd. purchased a new stake in shares of X-Energy in the second quarter valued at about $174,000. Wellington Management Group LLP acquired a new stake in shares of X-Energy during the second quarter worth about $15,011,000. Finally, AXQ Capital LP purchased a new position in shares of X-Energy during the second quarter worth about $188,000.

X-Energy Stock Down 5.7%

NASDAQ XE opened at $14.93 on Friday. The company has a 50 day moving average price of $17.67. The stock has a market cap of $6.07 billion and a P/E ratio of -99.53. X-Energy, Inc. has a 1-year low of $13.29 and a 1-year high of $37.10.

X-Energy (NASDAQ:XE - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The company's revenue was up 154.0% on a year-over-year basis. Equities research analysts anticipate that X-Energy, Inc. will post -0.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on XE. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $38.00 price objective on shares of X-Energy in a research report on Friday, August 14th. Zacks Research raised shares of X-Energy to a "hold" rating in a research note on Wednesday, May 20th. Piper Sandler initiated coverage on shares of X-Energy in a report on Tuesday. They issued an "underweight" rating and a $9.00 target price on the stock. Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued an "overweight" rating and a $41.00 price objective on the stock. Finally, Guggenheim reissued a "buy" rating and set a $57.00 target price on shares of X-Energy in a research note on Tuesday, September 8th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $34.25.

X-Energy Profile

X-Energy, Inc NASDAQ: XE is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.

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