NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. reduced its stake in NexGen Energy Ltd. (NYSE:NXE) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,979,926 shares of the company’s stock after selling 97,651 shares during the period. NexGen Energy makes up about 6.2% of Azarias Capital Management L.P.’s holdings, making the stock its 5th largest holding. Azarias Capital Management L.P. owned about 0.35% of NexGen Energy worth $13,820,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NXE. Spartan Fund Management Inc. purchased a new position in NexGen Energy in the fourth quarter worth approximately $86,000. Lodestone Wealth Management LLC purchased a new stake in shares of NexGen Energy during the 1st quarter worth $91,000. Legacy Capital Group California Inc. acquired a new position in shares of NexGen Energy during the second quarter worth $125,000. Southland Equity Partners LLC increased its holdings in NexGen Energy by 22.0% in the first quarter. Southland Equity Partners LLC now owns 21,327 shares of the company’s stock valued at $166,000 after buying an additional 3,840 shares during the last quarter. Finally, U S Global Investors Inc. purchased a new position in NexGen Energy in the first quarter valued at $194,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

NexGen Energy stock traded down $0.05 during mid-day trading on Monday, reaching $6.35. The company had a trading volume of 5,488,501 shares, compared to its average volume of 5,791,107. The stock’s 50-day simple moving average is $6.48 and its 200-day simple moving average is $7.23. NexGen Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.88. The company has a market capitalization of $3.56 billion, a P/E ratio of -635.00 and a beta of 1.93.

NexGen Energy (NYSE:NXE) last posted its earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.02. During the same period in the previous year, the company earned ($0.03) EPS. On average, equities analysts forecast that NexGen Energy Ltd. will post -0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXE. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a report on Monday, July 8th. Haywood Securities upgraded shares of NexGen Energy to a “strong-buy” rating in a report on Friday, May 17th.

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.