Quantbot Technologies LP Invests $1.02 Million in NexGen Energy $NXE

Quantbot Technologies LP bought a new stake in NexGen Energy (NYSE:NXE) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 109,029 shares of the company’s stock, valued at approximately $1,024,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of NexGen Energy by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after buying an additional 3,304,071 shares during the last quarter. Amundi increased its holdings in NexGen Energy by 167.0% during the first quarter. Amundi now owns 2,083,568 shares of the company’s stock worth $24,169,000 after buying an additional 1,303,093 shares during the last quarter. Janus Henderson Group PLC increased its holdings in NexGen Energy by 107.0% during the first quarter. Janus Henderson Group PLC now owns 799,183 shares of the company’s stock worth $9,248,000 after buying an additional 413,061 shares during the last quarter. Ninepoint Partners LP bought a new stake in NexGen Energy in the second quarter worth about $3,333,000. Finally, Temasek Holdings Private Ltd raised its position in NexGen Energy by 96.5% in the first quarter. Temasek Holdings Private Ltd now owns 2,436,471 shares of the company’s stock worth $28,263,000 after acquiring an additional 1,196,263 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Performance

NXE stock opened at $11.09 on Thursday. The stock has a fifty day moving average of $9.83 and a 200-day moving average of $11.05. NexGen Energy has a fifty-two week low of $7.17 and a fifty-two week high of $13.96. The company has a market capitalization of $7.42 billion, a price-to-earnings ratio of -27.72 and a beta of 1.40.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NXE. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Finally, Wall Street Zen upgraded NexGen Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Three equities 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. Based on data from MarketBeat.com, the stock presently 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.