IMC Chicago LLC Sells 98,766 Shares of Nano Nuclear Energy Inc. $NNE

IMC Chicago LLC lessened its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 89.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,891 shares of the company’s stock after selling 98,766 shares during the quarter. IMC Chicago LLC’s holdings in Nano Nuclear Energy were worth $459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Hood River Capital Management LLC bought a new position in Nano Nuclear Energy in the 2nd quarter worth $31,935,000. Geode Capital Management LLC raised its stake in shares of Nano Nuclear Energy by 6.4% in the second quarter. Geode Capital Management LLC now owns 349,104 shares of the company’s stock worth $12,039,000 after buying an additional 20,899 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Nano Nuclear Energy by 64.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 298,163 shares of the company’s stock valued at $11,497,000 after buying an additional 116,387 shares in the last quarter. Swiss National Bank lifted its position in shares of Nano Nuclear Energy by 29.3% during the 2nd quarter. Swiss National Bank now owns 59,600 shares of the company’s stock valued at $2,056,000 after buying an additional 13,500 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of Nano Nuclear Energy by 3,008.4% during the 2nd quarter. NewEdge Advisors LLC now owns 59,495 shares of the company’s stock valued at $2,052,000 after acquiring an additional 57,581 shares during the period.

Nano Nuclear Energy Stock Down 2.3%

Shares of Nano Nuclear Energy stock opened at $28.52 on Tuesday. Nano Nuclear Energy Inc. has a twelve month low of $17.26 and a twelve month high of $60.87. The business has a 50-day moving average price of $31.92 and a 200-day moving average price of $35.96. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -27.42 and a beta of 7.47.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, December 18th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.14. On average, equities analysts expect that Nano Nuclear Energy Inc. will post -0.92 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on NNE shares. Texas Capital upgraded shares of Nano Nuclear Energy to a “strong-buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Thursday, January 22nd. Finally, Benchmark reiterated a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.00.

Insider Activity at Nano Nuclear Energy

In related news, Chairman Jiang Yu sold 766,661 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $34.14, for a total transaction of $26,173,806.54. Following the transaction, the chairman directly owned 8,724,000 shares in the company, valued at approximately $297,837,360. This represents a 8.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO James John Walker sold 195,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $34.04, for a total value of $6,637,800.00. Following the completion of the sale, the chief executive officer owned 250,000 shares in the company, valued at approximately $8,510,000. The trade was a 43.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 3,982,000 shares of company stock valued at $125,625,797. 32.77% of the stock is owned by corporate insiders.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.