Hood River Capital Management LLC Acquires 820,732 Shares of NexGen Energy Ltd. (NYSE:NXE)

Hood River Capital Management LLC grew its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 9,888.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 829,032 shares of the company’s stock after purchasing an additional 820,732 shares during the quarter. Hood River Capital Management LLC’s holdings in NexGen Energy were worth $6,442,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its position in shares of NexGen Energy by 51.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 109,097 shares of the company’s stock valued at $764,000 after acquiring an additional 36,922 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in NexGen Energy by 7.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock valued at $179,307,000 after purchasing an additional 1,744,062 shares during the last quarter. Triasima Portfolio Management inc. grew its stake in NexGen Energy by 1.5% in the 4th quarter. Triasima Portfolio Management inc. now owns 248,783 shares of the company’s stock worth $1,744,000 after buying an additional 3,601 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of NexGen Energy by 39.8% in the fourth quarter. Mackenzie Financial Corp now owns 269,159 shares of the company’s stock worth $1,884,000 after buying an additional 76,568 shares during the period. Finally, Canton Hathaway LLC lifted its stake in shares of NexGen Energy by 492.9% in the 4th quarter. Canton Hathaway LLC now owns 43,875 shares of the company’s stock valued at $307,000 after acquiring an additional 36,475 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NXE shares. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th. Scotiabank initiated coverage on shares of NexGen Energy in a report on Monday, April 1st. They issued a “sector outperform” rating on the stock. Finally, Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th.

NexGen Energy Stock Up 5.0 %

Shares of NexGen Energy stock traded up $0.31 during trading on Friday, reaching $6.52. 3,904,349 shares of the stock were exchanged, compared to its average volume of 3,334,784. NexGen Energy Ltd. has a 1 year low of $4.54 and a 1 year high of $8.88. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of -651.35 and a beta of 1.93. The stock’s fifty day moving average is $7.12 and its 200 day moving average is $7.48.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Equities analysts forecast that NexGen Energy Ltd. will post -0.14 earnings per share for the current year.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.