Chicago Partners Investment Group LLC Raises Stake in NexGen Energy $NXE

Chicago Partners Investment Group LLC increased its position in NexGen Energy (NYSE:NXE) by 37.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,386 shares of the company’s stock after buying an additional 66,981 shares during the period. Chicago Partners Investment Group LLC’s holdings in NexGen Energy were worth $2,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Leonteq Securities AG grew its stake in NexGen Energy by 88.2% in the 1st quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock worth $28,000 after acquiring an additional 1,098 shares during the period. SBI Securities Co. Ltd. lifted its stake in shares of NexGen Energy by 454.3% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,965 shares of the company’s stock worth $73,000 after purchasing an additional 6,528 shares during the period. Flow Traders U.S. LLC purchased a new position in shares of NexGen Energy during the 2nd quarter worth $76,000. Jump Financial LLC purchased a new position in shares of NexGen Energy during the 4th quarter worth $93,000. Finally, First Trust Advisors LP acquired a new stake in shares of NexGen Energy during the third quarter worth $94,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NXE opened at $9.03 on Tuesday. The company has a market cap of $6.04 billion, a PE ratio of -18.42 and a beta of 1.39. NexGen Energy has a 1 year low of $6.26 and a 1 year high of $13.96. The firm has a 50 day moving average price of $10.64 and a 200 day moving average price of $11.36.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Four investment 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 “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.