Hood River Capital Management LLC Has $6.44 Million Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Hood River Capital Management LLC increased its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 9,888.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 829,032 shares of the company’s stock after acquiring an additional 820,732 shares during the quarter. Hood River Capital Management LLC owned about 0.15% of NexGen Energy worth $6,442,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Vident Advisory LLC increased its position in NexGen Energy by 9.1% during the first quarter. Vident Advisory LLC now owns 1,699,411 shares of the company’s stock worth $13,204,000 after acquiring an additional 141,915 shares during the period. Nokomis Capital L.L.C. increased its position in NexGen Energy by 3.3% during the first quarter. Nokomis Capital L.L.C. now owns 1,339,548 shares of the company’s stock worth $10,408,000 after acquiring an additional 42,900 shares during the period. CANADA LIFE ASSURANCE Co increased its position in NexGen Energy by 703.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 391,816 shares of the company’s stock worth $3,047,000 after acquiring an additional 343,022 shares during the period. Lake Street Advisors Group LLC bought a new position in NexGen Energy during the first quarter worth about $1,503,000. Finally, Vanguard Group Inc. increased its position in NexGen Energy by 5,020.5% during the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock worth $126,047,000 after acquiring an additional 15,905,444 shares during the period. 42.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on NXE. Scotiabank began coverage on shares of NexGen Energy in a report on Monday, April 1st. They issued a “sector outperform” rating on the stock. Haywood Securities raised shares of NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th. Finally, Ventum Cap Mkts raised shares of NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th.

NexGen Energy Trading Up 5.0 %

NXE stock traded up $0.31 during mid-day trading on Friday, hitting $6.52. The stock had a trading volume of 3,904,349 shares, compared to its average volume of 3,334,784. NexGen Energy Ltd. has a 52 week low of $4.54 and a 52 week high of $8.88. The firm has a market capitalization of $3.66 billion, a P/E ratio of -651.35 and a beta of 1.93. The firm has a fifty day simple moving average of $7.12 and a 200 day simple moving average of $7.48.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). As a group, equities analysts expect that NexGen Energy Ltd. will post -0.14 earnings per share for the current fiscal year.

About NexGen Energy

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.