Cloverfields Capital Group LP Purchases New Position in NexGen Energy $NXE

Cloverfields Capital Group LP purchased a new stake in NexGen Energy (NYSE:NXE) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 70,902 shares of the company’s stock, valued at approximately $822,000.

Several other hedge funds have also recently bought and sold shares of NXE. Capula Management Ltd bought a new position in shares of NexGen Energy during the first quarter worth approximately $232,000. Wealthspire Retirement LLC boosted its stake in NexGen Energy by 32.3% in the 1st quarter. Wealthspire Retirement LLC now owns 20,500 shares of the company’s stock valued at $238,000 after purchasing an additional 5,000 shares during the period. First Trust Advisors LP grew its holdings in NexGen Energy by 701.2% in the 1st quarter. First Trust Advisors LP now owns 204,934 shares of the company’s stock valued at $2,377,000 after buying an additional 179,355 shares in the last quarter. Temasek Holdings Private Ltd increased its position in NexGen Energy by 96.5% during the 1st quarter. Temasek Holdings Private Ltd now owns 2,436,471 shares of the company’s stock worth $28,263,000 after buying an additional 1,196,263 shares during the period. Finally, Swiss National Bank lifted its holdings in shares of NexGen Energy by 1.5% during the first quarter. Swiss National Bank now owns 1,248,700 shares of the company’s stock worth $14,467,000 after buying an additional 17,900 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NXE has been the topic of a number of recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Weiss Ratings restated a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

NexGen Energy Trading Down 0.7%

Shares of NexGen Energy stock opened at $9.37 on Friday. The company has a 50 day moving average of $10.13 and a 200-day moving average of $11.35. NexGen Energy has a 1-year low of $6.26 and a 1-year high of $13.96. The company has a market cap of $6.27 billion, a PE ratio of -19.13 and a beta of 1.39.

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.