NexGen Energy $NXE Shares Sold by MMCAP International Inc. SPC

MMCAP International Inc. SPC lowered its position in NexGen Energy (NYSE:NXE) by 97.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,007 shares of the company’s stock after selling 1,956,118 shares during the quarter. MMCAP International Inc. SPC’s holdings in NexGen Energy were worth $448,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NXE. L1 Capital Pty Ltd grew its stake in NexGen Energy by 10.3% in the 2nd quarter. L1 Capital Pty Ltd now owns 33,816,063 shares of the company’s stock valued at $234,683,000 after acquiring an additional 3,171,558 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of NexGen Energy by 2.1% in the third quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company’s stock valued at $191,180,000 after purchasing an additional 430,005 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of NexGen Energy by 18.0% in the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company’s stock valued at $63,918,000 after purchasing an additional 1,407,000 shares during the last quarter. Marshall Wace LLP increased its stake in shares of NexGen Energy by 15.6% during the 2nd quarter. Marshall Wace LLP now owns 6,204,620 shares of the company’s stock worth $43,060,000 after purchasing an additional 837,187 shares in the last quarter. Finally, Cooper Creek Partners Management LLC acquired a new position in shares of NexGen Energy during the 2nd quarter worth approximately $41,491,000. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NXE shares. Raymond James Financial reiterated an “outperform” rating on shares of NexGen Energy in a report on Wednesday, January 14th. Weiss Ratings restated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NXE opened at $12.39 on Monday. NexGen Energy has a 1 year low of $3.91 and a 1 year high of $13.96. The company’s 50 day simple moving average is $11.02 and its 200 day simple moving average is $9.29. The company has a market capitalization of $8.19 billion, a price-to-earnings ratio of -30.23 and a beta of 1.44.

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.