Great Valley Advisor Group Inc. Cuts Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Great Valley Advisor Group Inc. decreased its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 17.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,408 shares of the company’s stock after selling 4,820 shares during the period. Great Valley Advisor Group Inc.’s holdings in NexGen Energy were worth $157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NXE. FMR LLC lifted its holdings in shares of NexGen Energy by 99,379.5% during the 3rd quarter. FMR LLC now owns 11,674,918 shares of the company’s stock valued at $69,882,000 after purchasing an additional 11,663,182 shares during the last quarter. L1 Capital Pty Ltd raised its stake in NexGen Energy by 31.3% in the third quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company’s stock valued at $130,246,000 after buying an additional 5,195,210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in NexGen Energy by 7.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 25,505,360 shares of the company’s stock worth $179,307,000 after acquiring an additional 1,744,062 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in NexGen Energy by 83.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,649,400 shares of the company’s stock worth $15,857,000 after acquiring an additional 1,206,200 shares in the last quarter. Finally, Alps Advisors Inc. grew its stake in shares of NexGen Energy by 10.5% during the third quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company’s stock worth $73,549,000 after acquiring an additional 1,168,795 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Price Performance

Shares of NXE opened at $8.74 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 11.00 and a quick ratio of 11.00. The company’s fifty day moving average price is $7.82 and its 200-day moving average price is $7.20. NexGen Energy Ltd. has a 1-year low of $3.61 and a 1-year high of $8.88. The firm has a market capitalization of $4.72 billion, a PE ratio of 437.22 and a beta of 1.90.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). On average, equities research analysts predict that NexGen Energy Ltd. will post -0.09 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Scotiabank began coverage on shares of NexGen Energy in a research note on Monday, April 1st. They issued a “sector outperform” rating for the company.

NexGen Energy Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.