Y Intercept Hong Kong Ltd Takes $796,000 Position in NexGen Energy Ltd. (NYSE:NXE)

Y Intercept Hong Kong Ltd bought a new position in shares of NexGen Energy Ltd. (NYSE:NXE) during the third quarter, HoldingsChannel reports. The fund bought 121,960 shares of the company’s stock, valued at approximately $796,000.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI boosted its stake in shares of NexGen Energy by 158.9% during the third quarter. National Bank of Canada FI now owns 469,893 shares of the company’s stock worth $3,066,000 after buying an additional 288,418 shares during the period. Philadelphia Financial Management of San Francisco LLC grew its stake in shares of NexGen Energy by 18.0% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company’s stock valued at $19,738,000 after purchasing an additional 461,185 shares during the last quarter. Mountaineer Partners Management LLC increased its holdings in shares of NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after purchasing an additional 3,107,214 shares during the period. Investment Management Corp of Ontario increased its holdings in shares of NexGen Energy by 14.6% in the third quarter. Investment Management Corp of Ontario now owns 25,070 shares of the company’s stock valued at $164,000 after purchasing an additional 3,200 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in shares of NexGen Energy during the third quarter worth approximately $4,915,000. 42.43% of the stock is owned by institutional investors and hedge funds.

NexGen Energy Trading Down 3.7 %

Shares of NXE opened at $7.50 on Friday. The stock’s 50 day moving average is $7.75 and its two-hundred day moving average is $6.92. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.96. The firm has a market capitalization of $4.24 billion, a PE ratio of 50.00 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the firm posted ($0.04) earnings per share. On average, sell-side analysts predict that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, National Bank Financial upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd.

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.