Two Sigma Securities LLC Makes New $532,000 Investment in NexGen Energy $NXE

Two Sigma Securities LLC acquired a new stake in NexGen Energy (NYSE:NXE) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 56,642 shares of the company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Leonteq Securities AG lifted its holdings in shares of NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after purchasing an additional 1,098 shares in the last quarter. Trifecta Capital Advisors LLC bought a new stake in NexGen Energy during the 2nd quarter valued at $46,000. SBI Securities Co. Ltd. raised its holdings in NexGen Energy by 454.3% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after buying an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of NexGen Energy in the second quarter valued at $76,000. Finally, Jump Financial LLC bought a new position in shares of NexGen Energy in the fourth quarter valued at $93,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Up 3.0%

Shares of NYSE:NXE opened at $10.22 on Thursday. The stock has a market cap of $6.84 billion, a PE ratio of -25.56 and a beta of 1.40. The stock’s fifty day simple moving average is $9.83 and its two-hundred day simple moving average is $11.01. NexGen Energy has a 1-year low of $7.33 and a 1-year high of $13.96.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research report on Friday, August 28th. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Finally, Wall Street Zen raised NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy currently has an average rating of “Hold”.

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.