Ion Asset Management Ltd. Raises Stock Position in NexGen Energy $NXE

Ion Asset Management Ltd. boosted its position in shares of NexGen Energy (NYSE:NXE) by 3,404.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,348,100 shares of the company’s stock after purchasing an additional 2,281,100 shares during the quarter. NexGen Energy comprises about 2.3% of Ion Asset Management Ltd.’s portfolio, making the stock its 15th biggest position. Ion Asset Management Ltd.’s holdings in NexGen Energy were worth $21,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc lifted its holdings in shares of NexGen Energy by 287,500.0% in the 3rd quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after buying an additional 2,875 shares during the period. CWM LLC purchased a new stake in shares of NexGen Energy in the 3rd quarter worth approximately $41,000. Flow Traders U.S. LLC bought a new position in shares of NexGen Energy during the second quarter valued at approximately $76,000. First Trust Advisors LP purchased a new position in NexGen Energy during the third quarter valued at approximately $94,000. Finally, MGO One Seven LLC bought a new position in NexGen Energy in the third quarter worth approximately $110,000. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Down 2.9%

NYSE NXE opened at $12.10 on Monday. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $13.96. The company has a 50 day moving average price of $12.08 and a 200 day moving average price of $9.89. The firm has a market cap of $7.99 billion, a PE ratio of -31.84 and a beta of 1.41.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). On average, equities research analysts anticipate that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NXE has been the topic of several recent research reports. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. UBS Group started coverage on NexGen Energy in a research note on Thursday, March 5th. They set a “buy” rating for the company. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

NexGen Energy Company Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.