Azarias Capital Management L.P. Reduces Holdings in NexGen Energy Ltd. (NYSE:NXE)

Azarias Capital Management L.P. lowered its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 4.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 1,979,926 shares of the company’s stock after selling 97,651 shares during the period. NexGen Energy makes up 6.2% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 5th biggest holding. Azarias Capital Management L.P.’s holdings in NexGen Energy were worth $13,820,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NXE. Violich Capital Management Inc. lifted its position in NexGen Energy by 1.3% in the first quarter. Violich Capital Management Inc. now owns 109,400 shares of the company’s stock worth $850,000 after purchasing an additional 1,400 shares during the period. Cetera Advisors LLC lifted its holdings in shares of NexGen Energy by 2.3% during the 1st quarter. Cetera Advisors LLC now owns 81,873 shares of the company’s stock worth $637,000 after acquiring an additional 1,874 shares during the period. HTLF Bank boosted its position in shares of NexGen Energy by 1.6% during the 1st quarter. HTLF Bank now owns 126,426 shares of the company’s stock valued at $982,000 after acquiring an additional 2,000 shares in the last quarter. Stanley Laman Group Ltd. increased its stake in NexGen Energy by 0.7% in the second quarter. Stanley Laman Group Ltd. now owns 480,049 shares of the company’s stock valued at $3,351,000 after acquiring an additional 3,315 shares during the period. Finally, Southland Equity Partners LLC raised its position in NexGen Energy by 22.0% in the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock worth $166,000 after purchasing an additional 3,840 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NXE traded down $0.05 during trading hours on Monday, hitting $6.35. The stock had a trading volume of 5,488,501 shares, compared to its average volume of 5,791,107. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.88. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of -635.00 and a beta of 1.93. The company’s fifty day moving average is $6.48 and its two-hundred day moving average is $7.23.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. During the same quarter in the prior year, the firm earned ($0.03) EPS. Equities analysts predict that NexGen Energy Ltd. will post -0.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NXE has been the topic of a number of recent research reports. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th.

About NexGen Energy

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.