HTLF Bank Purchases Shares of 124,426 NexGen Energy Ltd. (NYSE:NXE)

HTLF Bank purchased a new stake in NexGen Energy Ltd. (NYSE:NXE) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 124,426 shares of the company’s stock, valued at approximately $871,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of NexGen Energy by 7.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock valued at $179,307,000 after purchasing an additional 1,744,062 shares in the last quarter. Alps Advisors Inc. raised its stake in NexGen Energy by 10.5% during the 3rd quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company’s stock worth $73,549,000 after buying an additional 1,168,795 shares during the period. Invesco Ltd. raised its stake in NexGen Energy by 11.4% during the 3rd quarter. Invesco Ltd. now owns 3,374,628 shares of the company’s stock worth $20,147,000 after buying an additional 344,242 shares during the period. FMR LLC raised its stake in NexGen Energy by 99,379.5% during the 3rd quarter. FMR LLC now owns 11,674,918 shares of the company’s stock worth $69,882,000 after buying an additional 11,663,182 shares during the period. Finally, Van ECK Associates Corp raised its stake in NexGen Energy by 37.0% during the 3rd quarter. Van ECK Associates Corp now owns 1,210,228 shares of the company’s stock worth $7,229,000 after buying an additional 327,166 shares during the period. Institutional investors own 42.43% of the company’s stock.

Analysts Set New Price Targets

Separately, Scotiabank started coverage on NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating on the stock.

NexGen Energy Stock Performance

NXE stock remained flat at $7.64 during trading on Friday. The company had a trading volume of 775,642 shares, compared to its average volume of 6,392,796. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 382.69 and a beta of 1.90. NexGen Energy Ltd. has a fifty-two week low of $3.49 and a fifty-two week high of $8.88. The business’s fifty day simple moving average is $7.62 and its 200 day simple moving average is $6.96. The company has a current ratio of 11.00, a quick ratio of 11.00 and a debt-to-equity ratio of 0.19.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). As a group, analysts predict that NexGen Energy Ltd. will post -0.1 earnings per share for the current fiscal year.

NexGen Energy Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.