NexGen Energy $NXE Stock Holdings Boosted by Rye Brook Capital LLC

Rye Brook Capital LLC grew its position in shares of NexGen Energy (NYSE:NXE) by 6.3% during the second quarter, Holdings Channel.com reports. The fund owned 767,900 shares of the company’s stock after purchasing an additional 45,300 shares during the quarter. NexGen Energy comprises 5.6% of Rye Brook Capital LLC’s portfolio, making the stock its 5th biggest holding. Rye Brook Capital LLC’s holdings in NexGen Energy were worth $5,329,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Sava Infond d.o.o. boosted its holdings in NexGen Energy by 14.3% during the 2nd quarter. Sava Infond d.o.o. now owns 16,000 shares of the company’s stock worth $111,000 after acquiring an additional 2,000 shares during the last quarter. Ausbil Investment Management Ltd raised its stake in shares of NexGen Energy by 72.6% during the 2nd quarter. Ausbil Investment Management Ltd now owns 107,000 shares of the company’s stock worth $743,000 after purchasing an additional 45,000 shares during the period. Kapitalo Investimentos Ltda raised its stake in shares of NexGen Energy by 54.8% during the 2nd quarter. Kapitalo Investimentos Ltda now owns 1,608,804 shares of the company’s stock worth $11,165,000 after purchasing an additional 569,754 shares during the period. Confluence Investment Management LLC bought a new stake in shares of NexGen Energy during the 2nd quarter worth $483,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of NexGen Energy by 13.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock worth $3,166,000 after purchasing an additional 81,167 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NXE. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research note on Wednesday. TD Securities reiterated a “buy” rating on shares of NexGen Energy in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, NexGen Energy has an average rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $8.76 on Thursday. NexGen Energy has a 52-week low of $3.91 and a 52-week high of $9.43. The stock’s 50-day simple moving average is $7.78 and its 200 day simple moving average is $6.52. The stock has a market capitalization of $5.04 billion, a P/E ratio of -35.04 and a beta of 1.44.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.08). Equities research analysts forecast that NexGen Energy will post -0.05 EPS for the current fiscal year.

About NexGen Energy

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.