Alps Advisors Inc. Has $140.06 Million Holdings in NexGen Energy $NXE

Alps Advisors Inc. trimmed its holdings in shares of NexGen Energy (NYSE:NXE) by 9.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 15,649,639 shares of the company’s stock after selling 1,609,680 shares during the quarter. NexGen Energy accounts for approximately 0.8% of Alps Advisors Inc.’s investment portfolio, making the stock its 19th biggest holding. Alps Advisors Inc.’s holdings in NexGen Energy were worth $140,064,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Cooper Creek Partners Management LLC bought a new position in NexGen Energy during the second quarter worth $41,491,000. Hancock Prospecting Pty Ltd bought a new stake in NexGen Energy in the second quarter valued at $39,975,000. L1 Capital Pty Ltd raised its holdings in shares of NexGen Energy by 10.3% during the second 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 during the period. Packer & Co Ltd bought a new position in shares of NexGen Energy during the 3rd quarter worth about $27,072,000. Finally, Kopernik Global Investors LLC bought a new position in shares of NexGen Energy during the 2nd quarter worth about $12,218,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NXE opened at $11.03 on Friday. The firm has a market capitalization of $7.28 billion, a P/E ratio of -26.90 and a beta of 1.44. NexGen Energy has a 52 week low of $3.91 and a 52 week high of $13.96. The stock has a 50 day moving average price of $10.51 and a two-hundred day moving average price of $8.93.

NexGen Energy (NYSE:NXE) last posted its earnings results 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). On average, equities analysts forecast that NexGen Energy will post -0.05 earnings per share for the current year.

Wall Street Analyst Weigh In

NXE has been the subject of a number of research analyst reports. Raymond James Financial reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Wednesday, January 14th. Zacks Research upgraded NexGen Energy from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.