NexGen Energy $NXE is Azarias Capital Management L.P.’s 4th Largest Position

Azarias Capital Management L.P. cut its holdings in shares of NexGen Energy (NYSE:NXE) by 21.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,117,009 shares of the company’s stock after selling 297,405 shares during the period. NexGen Energy comprises about 4.0% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 4th biggest holding. Azarias Capital Management L.P.’s holdings in NexGen Energy were worth $9,997,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of NXE. L1 Capital Pty Ltd grew its stake in NexGen Energy by 10.3% during the 2nd quarter. L1 Capital Pty Ltd now owns 33,816,063 shares of the company’s stock valued at $234,683,000 after purchasing an additional 3,171,558 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC grew its position in shares of NexGen Energy by 18.0% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 9,219,454 shares of the company’s stock worth $63,918,000 after buying an additional 1,407,000 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in NexGen Energy by 1.4% in the first quarter. The Manufacturers Life Insurance Company now owns 7,220,545 shares of the company’s stock valued at $32,317,000 after acquiring an additional 98,128 shares in the last quarter. Marshall Wace LLP raised its holdings in NexGen Energy by 15.6% in the second quarter. Marshall Wace LLP now owns 6,204,620 shares of the company’s stock valued at $43,060,000 after acquiring an additional 837,187 shares in the last quarter. Finally, Cooper Creek Partners Management LLC bought a new position in NexGen Energy during the 2nd quarter valued at $41,491,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $9.50 on Friday. NexGen Energy has a 1-year low of $3.91 and a 1-year high of $9.99. The firm has a market capitalization of $6.23 billion, a PE ratio of -23.17 and a beta of 1.54. The business’s fifty day moving average price is $8.78 and its two-hundred day moving average price is $7.92.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Equities research analysts expect that NexGen Energy will post -0.05 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on NXE shares. Raymond James Financial reissued an “outperform” rating on shares of NexGen Energy in a research report on Friday, October 10th. Weiss Ratings reissued a “sell (d)” rating on shares of NexGen Energy in a report on Wednesday, October 8th. Finally, Zacks Research upgraded NexGen Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NexGen Energy has a consensus rating of “Moderate Buy”.

NexGen Energy Company 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.