3,196,635 Shares in NexGen Energy $NXE Purchased by Deltroit Asset Management UK LLP

Deltroit Asset Management UK LLP acquired a new position in NexGen Energy (NYSE:NXE) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,196,635 shares of the company’s stock, valued at approximately $29,416,000. NexGen Energy accounts for about 4.3% of Deltroit Asset Management UK LLP’s portfolio, making the stock its 5th biggest holding. Deltroit Asset Management UK LLP owned approximately 0.48% of NexGen Energy as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NXE. Norges Bank purchased a new stake in shares of NexGen Energy in the 4th quarter worth approximately $72,303,000. CIBC Asset Management Inc lifted its position in shares of NexGen Energy by 341.9% in the 4th quarter. CIBC Asset Management Inc now owns 8,821,855 shares of the company’s stock worth $81,312,000 after purchasing an additional 6,825,731 shares during the period. Van ECK Associates Corp lifted its position in shares of NexGen Energy by 28.9% in the 3rd quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock worth $211,517,000 after purchasing an additional 5,305,263 shares during the period. Millennium Management LLC lifted its position in shares of NexGen Energy by 97.8% in the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock worth $90,718,000 after purchasing an additional 5,011,890 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of NexGen Energy by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after purchasing an additional 3,304,071 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Finally, UBS Group began coverage on shares of NexGen Energy in a research report on Thursday, March 5th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NexGen Energy has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Performance

NXE stock opened at $10.29 on Friday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of -20.99 and a beta of 1.35. The firm has a 50-day simple moving average of $11.72 and a two-hundred day simple moving average of $11.15. NexGen Energy has a one year low of $6.20 and a one year high of $13.96.

NexGen Energy (NYSE:NXE) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.02). As a group, equities analysts predict that NexGen Energy will post -0.22 earnings per share for the current fiscal 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.