UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 451,358 shares of the company’s stock after buying an additional 10,545 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.08% of NexGen Energy worth $2,947,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Larson Financial Group LLC purchased a new stake in NexGen Energy during the 2nd quarter valued at $33,000. DekaBank Deutsche Girozentrale bought a new position in shares of NexGen Energy during the third quarter valued at about $76,000. SevenBridge Financial Group LLC purchased a new stake in shares of NexGen Energy during the third quarter worth about $87,000. New Harbor Financial Group LLC grew its stake in shares of NexGen Energy by 20.0% in the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Element Capital Management LLC purchased a new position in NexGen Energy during the 2nd quarter valued at about $110,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $7.50 on Friday. The company has a 50-day simple moving average of $7.75 and a two-hundred day simple moving average of $6.92. NexGen Energy Ltd. has a 52-week low of $4.95 and a 52-week high of $8.96. The stock 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 announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the firm earned ($0.04) EPS. As a group, equities research analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

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.