De Lisle Partners LLP Purchases Shares of 962,702 NexGen Energy $NXE

De Lisle Partners LLP acquired a new position in NexGen Energy (NYSE:NXE) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 962,702 shares of the company’s stock, valued at approximately $9,040,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. L1 Capital Pty Ltd raised its position in NexGen Energy by 9.1% during the 4th quarter. L1 Capital Pty Ltd now owns 33,642,681 shares of the company’s stock worth $309,145,000 after buying an additional 2,804,090 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of NexGen Energy by 23.4% in the fourth quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company’s stock worth $268,240,000 after acquiring an additional 5,523,932 shares during the period. Vanguard Group Inc. raised its holdings in shares of NexGen Energy by 15.5% during the fourth quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after purchasing an additional 3,304,071 shares during the last quarter. Millennium Management LLC raised its holdings in shares of NexGen Energy by 97.8% during the third quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock worth $90,718,000 after purchasing an additional 5,011,890 shares during the last quarter. Finally, Hancock Prospecting Pty Ltd lifted its position in NexGen Energy by 10.0% during the fourth quarter. Hancock Prospecting Pty Ltd now owns 9,078,245 shares of the company’s stock valued at $83,656,000 after purchasing an additional 828,245 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Trading Up 6.1%

NYSE NXE opened at $10.84 on Friday. NexGen Energy has a twelve month low of $6.67 and a twelve month high of $13.96. The stock has a 50-day moving average of $9.80 and a 200 day moving average of $11.08. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of -27.10 and a beta of 1.40.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NXE shares. Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Finally, Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, NexGen Energy has a consensus rating of “Hold”.

NexGen Energy 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.