Violich Capital Management Inc. Has $315,000 Stake in NexGen Energy $NXE

Violich Capital Management Inc. lowered its position in shares of NexGen Energy (NYSE:NXE) by 50.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 45,400 shares of the company’s stock after selling 45,700 shares during the quarter. Violich Capital Management Inc.’s holdings in NexGen Energy were worth $315,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in NXE. Compound Planning Inc. purchased a new stake in NexGen Energy during the first quarter valued at about $46,000. PenderFund Capital Management Ltd. raised its stake in NexGen Energy by 45.0% in the first quarter. PenderFund Capital Management Ltd. now owns 11,600 shares of the company’s stock worth $52,000 after buying an additional 3,600 shares in the last quarter. Ground Swell Capital LLC purchased a new stake in NexGen Energy in the first quarter worth about $55,000. Hsbc Holdings PLC grew its holdings in shares of NexGen Energy by 10.4% during the first quarter. Hsbc Holdings PLC now owns 20,675 shares of the company’s stock valued at $93,000 after buying an additional 1,946 shares during the last quarter. Finally, Sava Infond d.o.o. boosted its holdings in NexGen Energy by 14.3% in the second quarter. Sava Infond d.o.o. now owns 16,000 shares of the company’s stock worth $111,000 after purchasing an additional 2,000 shares during the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

NXE stock opened at $8.44 on Friday. The company has a market cap of $5.13 billion, a price-to-earnings ratio of -33.74 and a beta of 1.44. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $9.80. The company has a fifty day moving average price of $8.08 and a 200 day moving average price of $6.74.

NexGen Energy (NYSE:NXE) last announced its earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. TD Securities restated a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. Zacks Research raised shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Finally, Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

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.