Tidal Investments LLC Reduces Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Tidal Investments LLC lessened its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 28.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,255 shares of the company’s stock after selling 12,720 shares during the period. Tidal Investments LLC’s holdings in NexGen Energy were worth $204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Segra Capital Management LLC increased its position in NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after buying an additional 1,931,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in NexGen Energy by 792.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after acquiring an additional 6,317,538 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock valued at $30,810,000 after acquiring an additional 1,582,705 shares in the last quarter. Mountaineer Partners Management LLC raised 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 acquiring an additional 3,107,214 shares in the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of NexGen Energy by 1.5% in the 2nd quarter. TD Asset Management Inc now owns 3,131,701 shares of the company’s stock valued at $21,834,000 after acquiring an additional 47,394 shares during the period. Institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

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

NexGen Energy Trading Down 1.3 %

NXE stock opened at $6.91 on Thursday. NexGen Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.96. The business’s 50-day moving average is $7.75 and its 200 day moving average is $6.89. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 46.07 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last released its earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the firm posted ($0.04) earnings per share. As a group, equities 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.