Ardsley Advisory Partners LP Increases Holdings in NexGen Energy $NXE

Ardsley Advisory Partners LP grew its holdings in shares of NexGen Energy (NYSE:NXE) by 350.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,125,000 shares of the company’s stock after purchasing an additional 875,000 shares during the quarter. Ardsley Advisory Partners LP owned approximately 0.17% of NexGen Energy worth $10,347,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position 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 valued at $73,000 after purchasing an additional 6,528 shares during the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of NexGen Energy during the 2nd quarter valued at $76,000. Jump Financial LLC purchased a new stake in shares of NexGen Energy during the 4th quarter valued at $93,000. First Trust Advisors LP bought a new position in shares of NexGen Energy during the 3rd quarter worth $94,000. Finally, Wright Wealth LLC bought a new position in shares of NexGen Energy during the 4th quarter worth $97,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXE has been the subject of several research reports. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. UBS Group initiated coverage on NexGen Energy in a research note on Thursday, March 5th. They set a “buy” rating for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a research note on Tuesday, June 2nd. Four equities research 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, NexGen Energy has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Down 1.2%

Shares of NYSE NXE opened at $10.50 on Thursday. NexGen Energy has a 52 week low of $6.26 and a 52 week high of $13.96. The business has a 50-day simple moving average of $11.51 and a two-hundred day simple moving average of $11.28. The company has a market cap of $6.95 billion, a P/E ratio of -21.42 and a beta of 1.35.

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.