NexGen Energy $NXE Shares Sold by Masters Capital Management LLC

Masters Capital Management LLC lowered its stake in shares of NexGen Energy (NYSE:NXE) by 50.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,000,000 shares of the company’s stock after selling 1,000,000 shares during the quarter. Masters Capital Management LLC’s holdings in NexGen Energy were worth $11,600,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC increased its position in NexGen Energy by 15.3% in the 1st quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock valued at $18,407,000 after acquiring an additional 543,179 shares during the period. NewEdge Advisors LLC lifted its position in NexGen Energy by 7.3% during the 1st quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock worth $680,000 after acquiring an additional 10,266 shares during the period. Goldman Sachs Group Inc. lifted its position in NexGen Energy by 1.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock worth $13,412,000 after acquiring an additional 36,510 shares during the period. Caxton Associates LLP purchased a new position in shares of NexGen Energy in the 1st quarter valued at approximately $165,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of NexGen Energy by 13.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock valued at $3,166,000 after purchasing an additional 81,167 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Up 0.1%

Shares of NexGen Energy stock opened at $9.14 on Monday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of -18.66 and a beta of 1.39. NexGen Energy has a 52-week low of $6.26 and a 52-week high of $13.96. The company’s 50-day simple moving average is $10.09 and its 200-day simple moving average is $11.34.

Wall Street Analyst Weigh In

NXE has been the topic of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock 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.