Moore Capital Management LP Sells 250,000 Shares of NexGen Energy Ltd. (NYSE:NXE)

Moore Capital Management LP lowered its position in shares of NexGen Energy Ltd. (NYSE:NXE - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,385,836 shares of the company's stock after selling 250,000 shares during the quarter. Moore Capital Management LP owned 0.42% of NexGen Energy worth $15,747,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Lloyd Harbor Capital Management LLC lifted its position in shares of NexGen Energy by 92.8% in the fourth quarter. Lloyd Harbor Capital Management LLC now owns 1,912,817 shares of the company's stock worth $12,625,000 after purchasing an additional 920,730 shares in the last quarter. Janus Henderson Group PLC grew its position in NexGen Energy by 5.0% in the fourth quarter. Janus Henderson Group PLC now owns 791,030 shares of the company's stock valued at $5,209,000 after purchasing an additional 37,467 shares in the last quarter. Encompass Capital Advisors LLC acquired a new stake in NexGen Energy in the 4th quarter valued at $7,831,000. Driehaus Capital Management LLC lifted its position in NexGen Energy by 54.9% during the 4th quarter. Driehaus Capital Management LLC now owns 2,146,030 shares of the company's stock worth $14,164,000 after buying an additional 760,589 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in NexGen Energy during the 4th quarter worth about $257,000. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Down 1.9%

Shares of NXE stock traded down $0.11 on Wednesday, reaching $5.59. The stock had a trading volume of 9,310,009 shares, compared to its average volume of 6,989,236. NexGen Energy Ltd. has a 12 month low of $3.91 and a 12 month high of $8.96. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 37.27 and a beta of 1.50. The firm's 50-day moving average is $4.87 and its two-hundred day moving average is $6.25.

NexGen Energy (NYSE:NXE - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.04). On average, sell-side analysts forecast that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NXE shares. Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Stifel Canada upgraded NexGen Energy to a "strong-buy" rating in a research note on Tuesday, March 11th. Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Finally, Scotiabank reissued an "outperform" rating on shares of NexGen Energy in a research note on Thursday, March 6th. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

NexGen Energy Company 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.