Alpha Wave Global LP Has $5.11 Million Holdings in NexGen Energy Ltd. (NYSE:NXE)

Alpha Wave Global LP lowered its stake in NexGen Energy Ltd. (NYSE:NXE) by 58.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 774,116 shares of the company’s stock after selling 1,087,559 shares during the quarter. NexGen Energy comprises approximately 2.3% of Alpha Wave Global LP’s investment portfolio, making the stock its 9th biggest holding. Alpha Wave Global LP owned 0.14% of NexGen Energy worth $5,109,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in NexGen Energy by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 20,436,513 shares of the company’s stock valued at $134,779,000 after acquiring an additional 298,106 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after purchasing an additional 3,762,756 shares during the period. JPMorgan Chase & Co. raised its stake in shares of NexGen Energy by 222.6% in the 4th quarter. JPMorgan Chase & Co. now owns 6,345,726 shares of the company’s stock valued at $41,882,000 after purchasing an additional 4,378,933 shares during the period. Marshall Wace LLP lifted its holdings in shares of NexGen Energy by 131.8% in the fourth quarter. Marshall Wace LLP now owns 2,224,419 shares of the company’s stock valued at $14,681,000 after purchasing an additional 1,264,655 shares in the last quarter. Finally, Azarias Capital Management L.P. boosted its position in shares of NexGen Energy by 15.3% during the fourth quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock worth $13,455,000 after buying an additional 271,153 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Raymond James restated an “outperform” rating on shares of NexGen Energy in a research note on Friday, April 4th. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

NexGen Energy Trading Up 1.4 %

NYSE:NXE opened at $4.74 on Friday. The firm has a fifty day simple moving average of $5.00 and a 200 day simple moving average of $6.52. NexGen Energy Ltd. has a 1-year low of $3.91 and a 1-year high of $8.96. The stock has a market capitalization of $2.69 billion, a PE ratio of 31.57 and a beta of 2.02.

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 a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.