Azarias Capital Management L.P. Has $7.92 Million Holdings in NexGen Energy $NXE

Azarias Capital Management L.P. reduced its stake in NexGen Energy (NYSE:NXE) by 36.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 682,943 shares of the company’s stock after selling 396,852 shares during the quarter. NexGen Energy accounts for approximately 3.6% of Azarias Capital Management L.P.’s portfolio, making the stock its 9th biggest position. Azarias Capital Management L.P.’s holdings in NexGen Energy were worth $7,922,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NXE. SBI Securities Co. Ltd. raised its holdings in shares of NexGen Energy by 454.3% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock valued at $73,000 after purchasing an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC bought a new position in shares of NexGen Energy in the second quarter valued at approximately $76,000. Jump Financial LLC bought a new position in shares of NexGen Energy in the fourth quarter valued at approximately $93,000. First Trust Advisors LP purchased a new stake in shares of NexGen Energy during the third quarter valued at approximately $94,000. Finally, Wright Wealth LLC purchased a new stake in shares of NexGen Energy during the fourth quarter valued at approximately $97,000. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Stock Down 0.1%

Shares of NXE stock opened at $10.64 on Monday. The firm has a market cap of $7.04 billion, a P/E ratio of -21.71 and a beta of 1.35. The company has a 50 day moving average of $11.48 and a 200-day moving average of $11.30. NexGen Energy has a 12-month low of $6.26 and a 12-month high of $13.96.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. UBS Group assumed coverage on NexGen Energy in a research report on Thursday, March 5th. They issued a “buy” rating on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Finally, Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from 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.