US Bancorp DE Sells 1,881 Shares of NexGen Energy Ltd. (NYSE:NXE)

US Bancorp DE lowered its holdings in NexGen Energy Ltd. (NYSE:NXE) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,430 shares of the company’s stock after selling 1,881 shares during the period. US Bancorp DE’s holdings in NexGen Energy were worth $94,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Swiss National Bank grew its stake in NexGen Energy by 12.9% in the 1st quarter. Swiss National Bank now owns 989,000 shares of the company’s stock valued at $7,686,000 after buying an additional 112,700 shares in the last quarter. Sei Investments Co. bought a new position in shares of NexGen Energy in the first quarter worth $1,028,000. Russell Investments Group Ltd. grew its position in shares of NexGen Energy by 316.0% in the first quarter. Russell Investments Group Ltd. now owns 146,503 shares of the company’s stock valued at $1,140,000 after purchasing an additional 111,283 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NexGen Energy by 5,020.5% during the 1st quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after purchasing an additional 15,905,444 shares during the period. Finally, Lake Street Advisors Group LLC purchased a new stake in NexGen Energy during the 1st quarter worth about $1,503,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

Shares of NXE opened at $7.38 on Friday. NexGen Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.88. The company has a market cap of $4.17 billion, a PE ratio of 49.20 and a beta of 1.90. The stock has a 50-day moving average price of $6.93 and a 200-day moving average price of $6.87.

NexGen Energy (NYSE:NXE) last announced its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the company posted ($0.04) EPS. As a group, analysts predict that NexGen Energy Ltd. will post -0.09 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd. Two research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Strong Buy” and a consensus target price of $11.00.

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 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.