160,285 Shares in X-Energy, Inc. $XE Bought by Readystate Asset Management LP

Readystate Asset Management LP purchased a new stake in X-Energy, Inc. (NASDAQ:XE) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 160,285 shares of the company’s stock, valued at approximately $2,943,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of XE. Formula Growth Ltd. bought a new stake in X-Energy in the 2nd quarter valued at $174,000. AXQ Capital LP acquired a new stake in shares of X-Energy during the 2nd quarter valued at about $188,000. Public Employees Retirement System of Ohio acquired a new stake in shares of X-Energy during the 2nd quarter valued at about $221,000. Bank of New York Mellon Corp bought a new stake in X-Energy in the second quarter valued at about $1,251,000. Finally, Wellington Management Group LLP bought a new stake in X-Energy in the second quarter valued at about $15,011,000.

X-Energy Price Performance

Shares of XE opened at $17.71 on Monday. The firm has a market cap of $7.20 billion and a P/E ratio of -118.07. X-Energy, Inc. has a one year low of $13.29 and a one year high of $37.10. The stock has a 50 day simple moving average of $17.78.

X-Energy (NASDAQ:XE) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. X-Energy’s revenue for the quarter was up 154.0% compared to the same quarter last year. Sell-side analysts anticipate that X-Energy, Inc. will post -0.76 EPS for the current fiscal year.

Analyst Ratings Changes

XE has been the subject of a number of analyst reports. Jefferies Financial Group restated a “hold” rating and set a $22.00 price target on shares of X-Energy in a research note on Wednesday, June 24th. TD Cowen reissued a “buy” rating on shares of X-Energy in a report on Tuesday, June 23rd. Zacks Research upgraded X-Energy to a “hold” rating in a research report on Wednesday, May 20th. Morgan Stanley initiated coverage on X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price target on the stock. Finally, Guggenheim assumed coverage on X-Energy in a research report on Tuesday, May 19th. They issued a “buy” rating and a $57.00 price target on the stock. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $37.86.

X-Energy Company Profile

X-Energy (NASDAQ: XE) is a U.S.-based advanced nuclear technology company focused on the development and commercialization of small modular reactors (SMRs) and advanced nuclear fuel. Its flagship reactor design, the Xe-100, is a high-temperature gas-cooled reactor intended to provide low-carbon electricity and process heat for industrial applications. X-Energy’s technology centers on TRISO fuel, a robust, particle-based fuel form that the company promotes for enhanced safety and high-temperature operation.

The company’s activities include reactor design and engineering, fuel development and manufacturing, regulatory engagement, and project delivery support for utility and industrial customers.