2 weeks Ago By ABMN Staff
Renaissance Technologies LLC bought a new stake in shares of NexGen Energy Ltd. ( NYSE:NXE – Free Report ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 614,200 shares of the company’s stock, valued at approximately $4,054,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted 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 valued at $41,882,000 after purchasing an additional 4,378,933 shares during the last quarter.
Van ECK Associates Corp grew its position in NexGen Energy by 79.7% in the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after acquiring an additional 3,762,756 shares in the last quarter.
Bank of New York Mellon Corp increased its stake in NexGen Energy by 954.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock worth $12,385,000 after acquiring an additional 1,698,649 shares during the last quarter.
Raymond James Financial Inc. purchased a new stake in NexGen Energy during the fourth quarter valued at approximately $3,728,000. Finally, Jennison Associates LLC bought a new stake in shares of NexGen Energy in the 4th quarter valued at approximately $2,487,000.
42.43% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In NXE has been the subject of a number of analyst reports.
Stifel Canada upgraded 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 report on Friday, April 4th. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th.
Finally, Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Three analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock.
According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”. NexGen Energy Trading Down 5.
3 % Shares of NXE opened at $4.49 on Tuesday. The firm has a market capitalization of $2.
56 billion, a P/E ratio of 29.94 and a beta of 2.02.
NexGen Energy Ltd. has a 12-month low of $3.91 and a 12-month high of $8.
96. The firm has a fifty day moving average price of $4.93 and a 200-day moving average price of $6.
49. 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. Featured Stories Want to see what other hedge funds are holding NXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexGen Energy Ltd.
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