HTLF Bank Takes Position in NexGen Energy Ltd. (NYSE:NXE)

HTLF Bank acquired a new stake in shares of NexGen Energy Ltd. (NYSE:NXE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 124,426 shares of the company’s stock, valued at approximately $871,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of NexGen Energy in the 3rd quarter worth approximately $28,000. Canada Pension Plan Investment Board acquired a new position in shares of NexGen Energy in the 1st quarter worth approximately $35,000. Advisor Group Holdings Inc. raised its holdings in shares of NexGen Energy by 56.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 7,498 shares of the company’s stock worth $42,000 after buying an additional 2,700 shares in the last quarter. Toroso Investments LLC acquired a new position in shares of NexGen Energy in the 4th quarter worth approximately $48,000. Finally, LPL Financial LLC acquired a new position in shares of NexGen Energy in the 2nd quarter worth approximately $49,000. Institutional investors own 42.43% of the company’s stock.

Analyst Ratings Changes

Separately, Scotiabank initiated coverage on NexGen Energy in a report on Monday, April 1st. They set a “sector outperform” rating for the company.

NexGen Energy Price Performance

NXE stock remained flat at $7.64 during midday trading on Friday. The company had a trading volume of 775,642 shares, compared to its average volume of 6,392,796. The business has a fifty day moving average of $7.62 and a 200-day moving average of $6.96. NexGen Energy Ltd. has a 12-month low of $3.49 and a 12-month high of $8.88. The stock has a market cap of $4.12 billion, a P/E ratio of 382.69 and a beta of 1.90. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). Equities research analysts forecast that NexGen Energy Ltd. will post -0.1 EPS 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.