NexGen Energy $NXE Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. decreased its stake in NexGen Energy (NYSE:NXE) by 2.4% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,453,329 shares of the company’s stock after selling 86,649 shares during the period. NexGen Energy accounts for 0.5% of Waratah Capital Advisors Ltd.’s portfolio, making the stock its 16th biggest position. Waratah Capital Advisors Ltd.’s holdings in NexGen Energy were worth $30,907,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NXE. L1 Capital Pty Ltd raised its stake in NexGen Energy by 10.3% during the 2nd quarter. L1 Capital Pty Ltd now owns 33,816,063 shares of the company’s stock worth $234,683,000 after acquiring an additional 3,171,558 shares in the last quarter. Vanguard Group Inc. boosted its stake in NexGen Energy by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company’s stock valued at $191,180,000 after acquiring an additional 430,005 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in shares of NexGen Energy by 18.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company’s stock worth $63,918,000 after purchasing an additional 1,407,000 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of NexGen Energy by 15.6% during the second quarter. Marshall Wace LLP now owns 6,204,620 shares of the company’s stock worth $43,060,000 after purchasing an additional 837,187 shares during the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new stake in shares of NexGen Energy during the second quarter worth about $41,491,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $12.86 on Wednesday. The company has a 50-day simple moving average of $11.19 and a 200-day simple moving average of $9.37. NexGen Energy has a one year low of $3.91 and a one year high of $13.96. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of -31.36 and a beta of 1.44.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NXE shares. Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NexGen Energy currently has an average rating of “Moderate Buy”.

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.