GeoSphere Capital Management LLC Sells 150,000 Shares of NexGen Energy $NXE

GeoSphere Capital Management LLC reduced its position in shares of NexGen Energy (NYSE:NXE) by 27.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 400,000 shares of the company’s stock after selling 150,000 shares during the quarter. NexGen Energy makes up about 1.2% of GeoSphere Capital Management LLC’s portfolio, making the stock its 15th largest position. GeoSphere Capital Management LLC’s holdings in NexGen Energy were worth $3,680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in NexGen Energy by 4.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock worth $274,103,000 after purchasing an additional 1,189,516 shares during the last quarter. Vanguard Group Inc. grew its position in shares of NexGen Energy by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after buying an additional 3,304,071 shares during the period. Van ECK Associates Corp grew its position in shares of NexGen Energy by 28.9% during the 3rd quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock worth $211,517,000 after buying an additional 5,305,263 shares during the period. Millennium Management LLC grew its position in shares of NexGen Energy by 97.8% during the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock worth $90,718,000 after buying an additional 5,011,890 shares during the period. Finally, Marshall Wace LLP grew its position in shares of NexGen Energy by 40.0% during the 3rd quarter. Marshall Wace LLP now owns 8,685,633 shares of the company’s stock worth $77,736,000 after buying an additional 2,481,013 shares during the period. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Performance

Shares of NXE opened at $10.69 on Monday. The stock has a 50 day simple moving average of $11.81 and a 200 day simple moving average of $10.97. NexGen Energy has a 52-week low of $5.74 and a 52-week high of $13.96. The firm has a market capitalization of $7.06 billion, a PE ratio of -21.81 and a beta of 1.39.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.02). Equities research analysts predict that NexGen Energy will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NXE. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. UBS Group began coverage on NexGen Energy in a research report on Thursday, March 5th. They set a “buy” rating for the company. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

NexGen Energy Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.