NexGen Energy $NXE Stock Holdings Reduced by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its position in NexGen Energy (NYSE:NXE) by 80.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 13,268 shares of the company’s stock after selling 55,873 shares during the quarter. Hsbc Holdings PLC’s holdings in NexGen Energy were worth $154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXE. Leonteq Securities AG raised its stake in shares of NexGen Energy by 88.2% during the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after purchasing an additional 1,098 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in NexGen Energy by 454.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after buying an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in NexGen Energy in the second quarter worth approximately $76,000. Jump Financial LLC bought a new position in NexGen Energy during the fourth quarter valued at approximately $93,000. Finally, First Trust Advisors LP bought a new position in NexGen Energy during the third quarter valued at approximately $94,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

Shares of NYSE:NXE opened at $9.75 on Wednesday. NexGen Energy has a fifty-two week low of $6.26 and a fifty-two week high of $13.96. The business has a 50-day moving average of $9.89 and a two-hundred day moving average of $11.25. The stock has a market capitalization of $6.52 billion, a P/E ratio of -19.90 and a beta of 1.40.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on NXE shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

NexGen Energy Company 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.