NexGen Energy Target of Unusually Large Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 16,684 call options on the company. This represents an increase of 65% compared to the average volume of 10,121 call options.

Hedge Funds Weigh In On NexGen Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Segra Capital Management LLC lifted its stake in NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after buying an additional 1,931,200 shares during the period. Van ECK Associates Corp boosted its stake in NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after acquiring an additional 3,762,756 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in NexGen Energy by 792.0% during the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after purchasing an additional 6,317,538 shares during the period. Mountaineer Partners Management LLC increased its stake in NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after purchasing an additional 3,107,214 shares in the last quarter. Finally, Philadelphia Financial Management of San Francisco LLC raised its holdings in NexGen Energy by 18.0% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company’s stock worth $19,738,000 after purchasing an additional 461,185 shares during the period. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Down 3.3 %

Shares of NexGen Energy stock opened at $6.56 on Friday. NexGen Energy has a 1-year low of $4.95 and a 1-year high of $8.96. The firm’s 50-day moving average price is $7.35 and its two-hundred day moving average price is $6.87. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 43.76 and a beta of 1.96.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the company posted ($0.04) earnings per share. As a group, equities research analysts predict that NexGen Energy will post -0.05 EPS for the current 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 a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.