Regal Partners Ltd Takes $854,000 Position in NexGen Energy Ltd. (NYSE:NXE)

Regal Partners Ltd acquired a new stake in NexGen Energy Ltd. (NYSE:NXE - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 129,445 shares of the company's stock, valued at approximately $854,000.

A number of other institutional investors also recently bought and sold shares of NXE. JPMorgan Chase & Co. raised its position in NexGen Energy by 222.6% during the fourth quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company's stock worth $41,882,000 after acquiring an additional 4,378,933 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company's stock worth $55,971,000 after purchasing an additional 3,762,756 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of NexGen Energy by 954.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company's stock worth $12,385,000 after purchasing an additional 1,698,649 shares during the last quarter. Marshall Wace LLP lifted its stake in NexGen Energy by 131.8% in the 4th quarter. Marshall Wace LLP now owns 2,224,419 shares of the company's stock valued at $14,681,000 after buying an additional 1,264,655 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in NexGen Energy during the 4th quarter valued at $4,054,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

NYSE NXE traded up $0.03 during trading hours on Friday, hitting $5.31. 11,152,876 shares of the company's stock were exchanged, compared to its average volume of 6,982,602. The business's 50 day moving average is $4.79 and its 200-day moving average is $6.38. 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 $3.02 billion, a P/E ratio of 35.40 and a beta of 2.02.

Analyst Ratings Changes

NXE has been the subject of several recent research reports. Stifel Nicolaus assumed coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Raymond James restated an "outperform" rating on shares of NexGen Energy in a report on Friday, April 4th. Scotiabank reiterated an "outperform" rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Canada raised shares of NexGen Energy to a "strong-buy" rating in a research report on Tuesday, March 11th. Three research analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, NexGen Energy currently 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.