SG Americas Securities LLC Acquires 27,459 Shares of Nano Nuclear Energy Inc. $NNE

SG Americas Securities LLC raised its holdings in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 66.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 68,892 shares of the company’s stock after purchasing an additional 27,459 shares during the period. SG Americas Securities LLC’s holdings in Nano Nuclear Energy were worth $1,411,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SBI Securities Co. Ltd. increased its stake in shares of Nano Nuclear Energy by 9.6% during the fourth quarter. SBI Securities Co. Ltd. now owns 4,369 shares of the company’s stock valued at $105,000 after buying an additional 381 shares during the period. US Bancorp DE raised its holdings in shares of Nano Nuclear Energy by 51.9% during the third quarter. US Bancorp DE now owns 1,171 shares of the company’s stock valued at $45,000 after acquiring an additional 400 shares in the last quarter. Swiss National Bank lifted its stake in Nano Nuclear Energy by 1.2% in the third quarter. Swiss National Bank now owns 60,300 shares of the company’s stock worth $2,325,000 after acquiring an additional 700 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Nano Nuclear Energy by 165.7% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,339 shares of the company’s stock worth $32,000 after acquiring an additional 835 shares during the period. Finally, Harbour Investments Inc. lifted its stake in Nano Nuclear Energy by 275.7% in the fourth quarter. Harbour Investments Inc. now owns 1,176 shares of the company’s stock worth $28,000 after acquiring an additional 863 shares during the period.

Analyst Upgrades and Downgrades

NNE has been the topic of a number of research analyst reports. Wall Street Zen raised shares of Nano Nuclear Energy from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 24th. Benchmark restated a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, June 26th. Roth Mkm started coverage on shares of Nano Nuclear Energy in a research report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a research note on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Nano Nuclear Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.50.

Insiders Place Their Bets

In other Nano Nuclear Energy news, Chairman Jiang Yu sold 700,000 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total value of $18,676,000.00. Following the sale, the chairman owned 8,224,000 shares in the company, valued at approximately $219,416,320. This represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Seth Jason Berl sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $24.92, for a total transaction of $93,450.00. Following the transaction, the director directly owned 7,586 shares of the company’s stock, valued at $189,043.12. This represents a 33.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,616,981 shares of company stock valued at $43,096,346. Insiders own 32.77% of the company’s stock.

Nano Nuclear Energy Stock Performance

Shares of NNE stock opened at $20.03 on Friday. Nano Nuclear Energy Inc. has a 12 month low of $18.93 and a 12 month high of $60.87. The stock has a market cap of $1.04 billion, a PE ratio of -29.03 and a beta of 5.27. The company’s fifty day moving average price is $25.03 and its 200-day moving average price is $26.24.

Nano Nuclear Energy (NASDAQ:NNE) last released its earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.08. On average, sell-side analysts forecast that Nano Nuclear Energy Inc. will post -0.95 earnings per share for the current fiscal year.

About Nano Nuclear Energy

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.