Alps Advisors Inc. Sells 1,576,563 Shares of NexGen Energy $NXE

Alps Advisors Inc. decreased its position in NexGen Energy (NYSE:NXE) by 10.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,073,076 shares of the company’s stock after selling 1,576,563 shares during the quarter. NexGen Energy comprises 0.8% of Alps Advisors Inc.’s investment portfolio, making the stock its 17th largest holding. Alps Advisors Inc.’s holdings in NexGen Energy were worth $129,472,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of NexGen Energy by 4.0% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock valued at $274,103,000 after buying an additional 1,189,516 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NexGen Energy by 15.5% in the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock valued at $226,901,000 after buying an additional 3,304,071 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of NexGen Energy by 28.9% in the 3rd quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock valued at $211,517,000 after buying an additional 5,305,263 shares in the last quarter. Millennium Management LLC grew its stake in shares of NexGen Energy by 97.8% in the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock valued at $90,718,000 after buying an additional 5,011,890 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of NexGen Energy by 341.9% in the 4th quarter. CIBC Asset Management Inc now owns 8,821,855 shares of the company’s stock valued at $81,312,000 after buying an additional 6,825,731 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

NXE has been the subject of several recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Finally, UBS Group initiated coverage on NexGen Energy in a research report on Thursday, March 5th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

NexGen Energy Trading Up 5.2%

Shares of NexGen Energy stock opened at $9.76 on Friday. NexGen Energy has a 1 year low of $6.26 and a 1 year high of $13.96. The company’s fifty day simple moving average is $11.61 and its 200-day simple moving average is $11.22. The company has a market cap of $6.46 billion, a price-to-earnings ratio of -19.91 and a beta of 1.35.

About NexGen Energy

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.