Jupiter Topco LLC Makes New $5.06 Million Investment in NexGen Energy $NXE

Jupiter Topco LLC purchased a new position in shares of NexGen Energy (NYSE:NXE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 539,350 shares of the company’s stock, valued at approximately $5,064,000.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC increased its stake in shares of NexGen Energy by 15.3% in the 1st quarter. Millennium Management LLC now owns 4,101,588 shares of the company’s stock valued at $18,407,000 after purchasing an additional 543,179 shares during the last quarter. NewEdge Advisors LLC boosted its position in NexGen Energy by 7.3% in the first quarter. NewEdge Advisors LLC now owns 151,423 shares of the company’s stock valued at $680,000 after buying an additional 10,266 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of NexGen Energy by 1.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,986,982 shares of the company’s stock worth $13,412,000 after buying an additional 36,510 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of NexGen Energy during the first quarter worth $165,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of NexGen Energy by 13.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 705,024 shares of the company’s stock worth $3,166,000 after buying an additional 81,167 shares in the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Stock Up 0.6%

NYSE:NXE opened at $10.46 on Tuesday. NexGen Energy has a twelve month low of $7.33 and a twelve month high of $13.96. The firm has a market capitalization of $7.00 billion, a P/E ratio of -26.15 and a beta of 1.40. The company has a fifty day moving average of $9.84 and a 200-day moving average of $11.04.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on NXE shares. Wall Street Zen raised NexGen Energy from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

NexGen Energy Profile

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.