NexGen Energy $NXE Shares Sold by Regal Partners Ltd

Regal Partners Ltd decreased its stake in shares of NexGen Energy (NYSE:NXE) by 84.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after selling 243,138 shares during the quarter. Regal Partners Ltd’s holdings in NexGen Energy were worth $312,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of NXE. Canton Hathaway LLC purchased a new stake in shares of NexGen Energy in the 2nd quarter valued at $57,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of NexGen Energy in the 2nd quarter valued at $4,038,000. Envestnet Asset Management Inc. boosted its holdings in shares of NexGen Energy by 61.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 328,048 shares of the company’s stock valued at $2,277,000 after acquiring an additional 125,095 shares during the last quarter. FNY Investment Advisers LLC boosted its holdings in shares of NexGen Energy by 11,584.8% in the 2nd quarter. FNY Investment Advisers LLC now owns 14,606 shares of the company’s stock valued at $101,000 after acquiring an additional 14,481 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of NexGen Energy by 318.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 11,651 shares of the company’s stock valued at $77,000 after acquiring an additional 8,866 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analysts Set New Price Targets

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

NexGen Energy Stock Performance

Shares of NYSE NXE opened at $9.77 on Friday. The company’s fifty day moving average price is $8.51 and its 200 day moving average price is $7.07. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $9.95. The company has a market capitalization of $5.94 billion, a PE ratio of -39.07 and a beta of 1.44.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results 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). On average, equities analysts expect that NexGen Energy will post -0.05 EPS for the current 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.