NexGen Energy $NXE Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP lifted its position in shares of NexGen Energy (NYSE:NXE) by 84.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,403 shares of the company’s stock after acquiring an additional 126,187 shares during the period. Quantbot Technologies LP’s holdings in NexGen Energy were worth $2,474,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NXE. Versant Capital Management Inc increased its stake in NexGen Energy by 287,500.0% during the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock valued at $26,000 after purchasing an additional 2,875 shares during the last quarter. CWM LLC bought a new stake in shares of NexGen Energy during the 3rd quarter valued at about $41,000. Olympiad Research LP bought a new stake in shares of NexGen Energy during the 2nd quarter valued at about $73,000. Flow Traders U.S. LLC acquired a new stake in NexGen Energy during the second quarter worth about $76,000. Finally, MGO One Seven LLC bought a new position in NexGen Energy in the third quarter worth about $110,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Trading Down 7.1%

NYSE NXE opened at $12.35 on Wednesday. The company has a 50-day moving average price of $11.58 and a two-hundred day moving average price of $9.58. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $13.96. The stock has a market cap of $8.16 billion, a price-to-earnings ratio of -30.12 and a beta of 1.41.

Analyst Ratings Changes

Several equities analysts have recently commented on NXE shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a report on Thursday, January 22nd. Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research note on Wednesday, January 14th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About NexGen Energy

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.