Zurcher Kantonalbank Zurich Cantonalbank Trims Position in NexGen Energy Ltd. (NYSE:NXE)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in NexGen Energy Ltd. (NYSE:NXE) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,829 shares of the company’s stock after selling 4,907 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in NexGen Energy were worth $849,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NXE shares. Haywood Securities raised shares of NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th. Ventum Cap Mkts upgraded NexGen Energy to a “strong-buy” rating in a research report on Monday, July 8th.

NexGen Energy Stock Up 1.7 %

NXE opened at $5.57 on Thursday. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.88. The company has a 50-day moving average price of $6.34 and a 200 day moving average price of $7.15. The company has a market cap of $3.14 billion, a PE ratio of -555.94 and a beta of 1.93.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same period last year, the company earned ($0.03) earnings per share. As a group, sell-side analysts expect that NexGen Energy Ltd. will post -0.09 earnings per share for the current year.

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 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.