Hood River Capital Management LLC Acquires 127,055 Shares of NexGen Energy Ltd. (NYSE:NXE)

Hood River Capital Management LLC boosted its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 11.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,198,641 shares of the company's stock after purchasing an additional 127,055 shares during the quarter. Hood River Capital Management LLC owned about 0.21% of NexGen Energy worth $7,911,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of NexGen Energy by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company's stock worth $134,779,000 after purchasing an additional 298,106 shares during the last quarter. Van ECK Associates Corp grew its stake in NexGen Energy by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after buying an additional 3,762,756 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of NexGen Energy by 222.6% in the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock valued at $41,882,000 after purchasing an additional 4,378,933 shares during the period. Mirabella Financial Services LLP boosted its stake in shares of NexGen Energy by 12.3% in the fourth quarter. Mirabella Financial Services LLP now owns 3,342,960 shares of the company's stock valued at $22,044,000 after purchasing an additional 365,390 shares during the period. Finally, Marshall Wace LLP boosted its stake in shares of NexGen Energy by 131.8% in the fourth quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock valued at $14,681,000 after purchasing an additional 1,264,655 shares during the period. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Price Performance

Shares of NYSE:NXE traded down $0.02 on Tuesday, reaching $5.29. 4,325,773 shares of the company traded hands, compared to its average volume of 6,961,455. NexGen Energy Ltd. has a fifty-two week low of $3.91 and a fifty-two week high of $8.96. The company's 50 day moving average is $4.81 and its 200-day moving average is $6.42. The stock has a market capitalization of $3.01 billion, a PE ratio of 35.17 and a beta of 2.02.

Analyst Ratings Changes

NXE has been the subject of several analyst reports. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Raymond James reissued an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Finally, Stifel Nicolaus assumed coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Three equities research analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy has an average rating of "Strong Buy".

NexGen Energy 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.