Tejara Capital Ltd Lowers Stake in NexGen Energy $NXE

Tejara Capital Ltd cut its stake in NexGen Energy (NYSE:NXE) by 10.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 345,425 shares of the company’s stock after selling 40,044 shares during the period. NexGen Energy comprises approximately 1.6% of Tejara Capital Ltd’s portfolio, making the stock its 22nd largest position. Tejara Capital Ltd owned about 0.05% of NexGen Energy worth $3,092,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc lifted its stake in NexGen Energy by 287,500.0% during the third quarter. Versant Capital Management Inc now owns 2,876 shares of the company’s stock worth $26,000 after purchasing an additional 2,875 shares during the last quarter. CWM LLC purchased a new position in shares of NexGen Energy during the 3rd quarter valued at about $41,000. Canton Hathaway LLC bought a new stake in NexGen Energy in the 2nd quarter worth approximately $57,000. Olympiad Research LP purchased a new stake in NexGen Energy in the second quarter worth approximately $73,000. Finally, Flow Traders U.S. LLC bought a new position in NexGen Energy during the second quarter valued at approximately $76,000. Institutional investors own 42.43% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on NXE. Zacks Research upgraded shares of NexGen Energy from a “strong sell” rating to a “hold” rating in a research report on Monday, October 13th. Weiss Ratings restated a “sell (d)” rating on shares of NexGen Energy in a report on Thursday, January 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, NexGen Energy has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Performance

NYSE NXE opened at $12.56 on Friday. The stock has a market cap of $8.29 billion, a P/E ratio of -30.63 and a beta of 1.43. NexGen Energy has a fifty-two week low of $3.91 and a fifty-two week high of $13.96. The stock has a 50 day simple moving average of $10.20 and a two-hundred day simple moving average of $8.76.

NexGen Energy (NYSE:NXE) last posted its earnings results on Wednesday, November 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Sell-side analysts predict that NexGen Energy will post -0.05 earnings per share for the current year.

About NexGen Energy

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.