Sava Infond d.o.o. Increases Stock Holdings in NexGen Energy $NXE

Sava Infond d.o.o. raised its position in shares of NexGen Energy (NYSE:NXE) by 14.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,000 shares of the company’s stock after buying an additional 2,000 shares during the quarter. Sava Infond d.o.o.’s holdings in NexGen Energy were worth $111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ausbil Investment Management Ltd lifted its position in NexGen Energy by 72.6% during the second quarter. Ausbil Investment Management Ltd now owns 107,000 shares of the company’s stock valued at $743,000 after buying an additional 45,000 shares during the period. Kapitalo Investimentos Ltda lifted its position in NexGen Energy by 54.8% during the second quarter. Kapitalo Investimentos Ltda now owns 1,608,804 shares of the company’s stock valued at $11,165,000 after buying an additional 569,754 shares during the period. Confluence Investment Management LLC purchased a new position in NexGen Energy during the second quarter valued at $483,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in NexGen Energy by 13.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock valued at $3,166,000 after buying an additional 81,167 shares during the period. Finally, Caxton Associates LLP purchased a new position in NexGen Energy during the first quarter valued at $165,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NXE shares. Desjardins started coverage on NexGen Energy in a research report on Tuesday, June 10th. They set a “buy” rating for the company. TD Securities reissued a “buy” rating on shares of NexGen Energy in a research report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

NexGen Energy Price Performance

NXE opened at $8.73 on Friday. The stock has a 50-day moving average price of $7.66 and a 200-day moving average price of $6.45. The firm has a market cap of $5.02 billion, a PE ratio of -34.90 and a beta of 1.44. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $9.43.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, sell-side analysts anticipate 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.