Vanguard Group Inc. Has $17.07 Million Stock Position in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Vanguard Group Inc. increased its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE - Free Report) by 2,838.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 685,619 shares of the company's stock after buying an additional 662,287 shares during the period. Vanguard Group Inc. owned 1.87% of Nano Nuclear Energy worth $17,068,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of NNE. New York State Common Retirement Fund acquired a new position in Nano Nuclear Energy in the 4th quarter valued at $30,000. IFP Advisors Inc grew its stake in Nano Nuclear Energy by 638.5% during the fourth quarter. IFP Advisors Inc now owns 1,477 shares of the company's stock worth $37,000 after buying an additional 1,277 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Nano Nuclear Energy in the 3rd quarter valued at about $25,000. Rhumbline Advisers raised its position in shares of Nano Nuclear Energy by 64.8% in the 4th quarter. Rhumbline Advisers now owns 6,212 shares of the company's stock valued at $155,000 after buying an additional 2,442 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Nano Nuclear Energy during the 4th quarter worth approximately $66,000.

Wall Street Analyst Weigh In

Separately, HC Wainwright restated a "buy" rating and set a $50.00 price objective on shares of Nano Nuclear Energy in a research report on Monday, March 31st.

Nano Nuclear Energy Trading Up 3.6 %

Nano Nuclear Energy stock traded up $0.67 during midday trading on Tuesday, reaching $19.19. The company's stock had a trading volume of 1,178,445 shares, compared to its average volume of 3,635,049. Nano Nuclear Energy Inc. has a 52 week low of $3.25 and a 52 week high of $48.05. The stock has a market cap of $711.43 million and a PE ratio of -46.80. The business has a 50-day moving average price of $26.69 and a 200-day moving average price of $26.27.

Nano Nuclear Energy (NASDAQ:NNE - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.09. As a group, research analysts predict that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.