Oxbow Capital Management HK Ltd Has $16.94 Million Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Oxbow Capital Management HK Ltd trimmed its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 0.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,566,355 shares of the company’s stock after selling 21,814 shares during the quarter. NexGen Energy comprises about 6.0% of Oxbow Capital Management HK Ltd’s holdings, making the stock its 7th largest position. Oxbow Capital Management HK Ltd owned 0.45% of NexGen Energy worth $16,938,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NXE. Barclays PLC increased its position in shares of NexGen Energy by 328.3% in the third quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after purchasing an additional 143,996 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of NexGen Energy during the 3rd quarter valued at $98,000. Harbour Capital Advisors LLC bought a new stake in shares of NexGen Energy during the 4th quarter worth $413,000. Janney Montgomery Scott LLC grew its position in NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Silver Lake Advisory LLC bought a new position in NexGen Energy in the fourth quarter valued at $73,000. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Stock Performance

Shares of NexGen Energy stock opened at $4.74 on Monday. The company’s 50 day moving average price is $4.97 and its 200-day moving average price is $6.51. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The stock has a market capitalization of $2.70 billion, a price-to-earnings ratio of 31.57 and a beta of 2.02.

Analyst Ratings Changes

Several equities analysts have recently commented on NXE shares. Stifel Nicolaus began coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Raymond James reiterated an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Finally, Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Three analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

NexGen Energy Company Profile

NexGen Energy Ltd., an exploration and development stage company, engages in the acquisition, exploration, and evaluation and development of uranium properties in Canada. It holds a 100% interest in the Rook I project that consists of 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.