Legal & General Group Plc lessened its holdings in NexGen Energy Ltd. (NYSE:NXE - Free Report) by 12.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 548,553 shares of the company's stock after selling 81,205 shares during the period. Legal & General Group Plc owned approximately 0.10% of NexGen Energy worth $3,616,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NXE. Barclays PLC boosted its position in NexGen Energy by 328.3% in the 3rd quarter. Barclays PLC now owns 187,861 shares of the company's stock valued at $1,227,000 after buying an additional 143,996 shares during the period. Sanctuary Advisors LLC purchased a new position in NexGen Energy in the 3rd quarter valued at approximately $98,000. Harbour Capital Advisors LLC purchased a new position in NexGen Energy in the 4th quarter valued at approximately $413,000. Janney Montgomery Scott LLC boosted its position in NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company's stock valued at $101,000 after buying an additional 1,500 shares during the period. Finally, Silver Lake Advisory LLC purchased a new stake in shares of NexGen Energy during the 4th quarter worth $73,000. Hedge funds and other institutional investors own 42.43% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Scotiabank reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Raymond James reaffirmed an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Finally, Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Three equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Strong Buy".
Check Out Our Latest Stock Analysis on NXE
NexGen Energy Price Performance
Shares of NXE traded up $0.22 during midday trading on Monday, reaching $5.32. 8,805,764 shares of the stock were exchanged, compared to its average volume of 6,971,547. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 35.47 and a beta of 2.02. The business's 50-day moving average price is $4.81 and its 200 day moving average price is $6.42.
NexGen Energy Company Profile
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Free Report)
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.
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