Marshall Wace LLP boosted its holdings in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 131.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,224,419 shares of the company's stock after purchasing an additional 1,264,655 shares during the quarter. Marshall Wace LLP owned about 0.39% of NexGen Energy worth $14,681,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Barclays PLC grew its stake in NexGen Energy by 328.3% during the third quarter. Barclays PLC now owns 187,861 shares of the company's stock valued at $1,227,000 after acquiring an additional 143,996 shares in the last quarter. Sanctuary Advisors LLC bought a new position in NexGen Energy during the third quarter valued at approximately $98,000. Harbour Capital Advisors LLC bought a new position in NexGen Energy during the fourth quarter valued at approximately $413,000. Janney Montgomery Scott LLC grew its holdings in NexGen Energy by 10.8% during 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 in the last quarter. Finally, Silver Lake Advisory LLC purchased a new stake in shares of NexGen Energy during the 4th quarter worth approximately $73,000. 42.43% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on NXE. Stifel Canada upgraded shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of NexGen Energy in a research report on Friday, April 4th. Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Nicolaus began coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Three research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat.com, NexGen Energy presently has an average rating of "Strong Buy".
View Our Latest Report on NexGen Energy
NexGen Energy Stock Down 0.6 %
NXE traded down $0.03 on Friday, reaching $5.09. 7,135,487 shares of the company traded hands, compared to its average volume of 6,957,998. The company has a market cap of $2.90 billion, a P/E ratio of 33.94 and a beta of 2.02. NexGen Energy Ltd. has a one year low of $3.91 and a one year high of $8.96. The firm has a fifty day simple moving average of $4.83 and a two-hundred day simple moving average of $6.44.
About NexGen Energy
(
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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