Two Sigma Securities LLC Purchases New Holdings in NexGen Energy $NXE

Two Sigma Securities LLC purchased a new position in shares of NexGen Energy (NYSE:NXE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 56,642 shares of the company’s stock, valued at approximately $532,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Millennium Management LLC raised its stake in shares of NexGen Energy by 15.3% during the 1st quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock worth $18,407,000 after purchasing an additional 543,179 shares during the period. NewEdge Advisors LLC grew its position in NexGen Energy by 7.3% during the first quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock valued at $680,000 after buying an additional 10,266 shares during the period. Goldman Sachs Group Inc. increased its holdings in NexGen Energy by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock worth $13,412,000 after buying an additional 36,510 shares during the last quarter. Caxton Associates LLP purchased a new stake in NexGen Energy during the first quarter worth about $165,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in NexGen Energy by 13.0% in 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 worth $3,166,000 after acquiring an additional 81,167 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Wall Street Zen upgraded shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a report on Friday, August 28th. Finally, Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

NexGen Energy Stock Up 3.0%

NYSE NXE opened at $10.22 on Thursday. The firm has a market cap of $6.84 billion, a P/E ratio of -25.56 and a beta of 1.40. The company’s 50 day moving average is $9.83 and its 200-day moving average is $11.01. NexGen Energy has a 12-month low of $7.33 and a 12-month high of $13.96.

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.