L1 Capital Pty Ltd Has $137.37 Million Position in NexGen Energy $NXE

L1 Capital Pty Ltd raised its position in NexGen Energy (NYSE:NXE) by 11.8% in the 1st quarter, Holdings Channel reports. The firm owned 30,644,505 shares of the company’s stock after buying an additional 3,226,055 shares during the quarter. NexGen Energy accounts for 12.8% of L1 Capital Pty Ltd’s holdings, making the stock its 2nd largest position. L1 Capital Pty Ltd owned about 0.05% of NexGen Energy worth $137,372,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Compound Planning Inc. bought a new stake in shares of NexGen Energy during the 1st quarter worth $46,000. Mariner LLC bought a new stake in shares of NexGen Energy during the 4th quarter worth $68,000. Aptus Capital Advisors LLC bought a new stake in shares of NexGen Energy during the 4th quarter worth $79,000. Ground Swell Capital LLC bought a new stake in shares of NexGen Energy during the 1st quarter worth $55,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of NexGen Energy by 22.8% during the 4th quarter. Hsbc Holdings PLC now owns 18,729 shares of the company’s stock worth $124,000 after acquiring an additional 3,473 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Stock Up 6.0%

NexGen Energy stock opened at $7.88 on Monday. The company has a market capitalization of $4.50 billion, a PE ratio of -31.53 and a beta of 1.46. The firm has a fifty day simple moving average of $6.89 and a two-hundred day simple moving average of $5.90. NexGen Energy has a twelve month low of $3.91 and a twelve month high of $8.96.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Tuesday, August 5th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). As a group, equities analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on NXE shares. TD Securities reaffirmed a “buy” rating on shares of NexGen Energy in a report on Friday, August 8th. Desjardins started coverage on shares of NexGen Energy in a report on Tuesday, June 10th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

About NexGen Energy

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.