Lido Advisors LLC Boosts Stock Holdings in Nano Nuclear Energy Inc. $NNE

Lido Advisors LLC raised its position in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 1,769.6% in the first quarter, Holdings Channel.com reports. The fund owned 171,932 shares of the company’s stock after acquiring an additional 162,736 shares during the quarter. Lido Advisors LLC’s holdings in Nano Nuclear Energy were worth $3,521,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NNE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Nano Nuclear Energy by 11,676.8% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,726,250 shares of the company’s stock worth $66,564,000 after purchasing an additional 1,711,592 shares in the last quarter. Weiss Asset Management LP purchased a new position in Nano Nuclear Energy in the 4th quarter valued at $38,224,000. Ghisallo Capital Management LLC purchased a new position in Nano Nuclear Energy in the 4th quarter valued at $38,224,000. Regal Partners Ltd purchased a new position in Nano Nuclear Energy in the 4th quarter valued at $23,535,000. Finally, UBS Group AG boosted its stake in Nano Nuclear Energy by 135.7% during the 4th quarter. UBS Group AG now owns 1,158,050 shares of the company’s stock worth $27,805,000 after purchasing an additional 666,722 shares during the last quarter.

Insider Activity

In other Nano Nuclear Energy news, CTO Florent Heidet sold 3,000 shares of Nano Nuclear Energy stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $24.95, for a total transaction of $74,850.00. Following the transaction, the chief technology officer directly owned 6,185 shares of the company’s stock, valued at $154,315.75. The trade was a 32.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder I Financial Ventures Group Llc sold 700,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $26.68, for a total transaction of $18,676,000.00. Following the completion of the transaction, the insider owned 8,224,000 shares in the company, valued at $219,416,320. The trade was a 7.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,616,981 shares of company stock valued at $43,096,346 in the last quarter. Insiders own 32.77% of the company’s stock.

Analyst Upgrades and Downgrades

NNE has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nano Nuclear Energy in a report on Friday, July 17th. Benchmark reissued a “buy” rating on shares of Nano Nuclear Energy in a research note on Friday, June 26th. Wall Street Zen lowered shares of Nano Nuclear Energy from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 18th. Truist Financial began coverage on shares of Nano Nuclear Energy in a research note on Monday, July 13th. They set a “hold” rating and a $22.00 price objective for the company. Finally, Roth Capital assumed coverage on shares of Nano Nuclear Energy in a report on Wednesday, June 17th. They issued a “buy” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Nano Nuclear Energy Stock Down 7.6%

Shares of NNE opened at $15.59 on Friday. Nano Nuclear Energy Inc. has a 52-week low of $15.44 and a 52-week high of $60.87. The stock has a fifty day simple moving average of $22.63 and a two-hundred day simple moving average of $25.04. The company has a market capitalization of $811.93 million, a PE ratio of -22.59 and a beta of 5.27.

Nano Nuclear Energy (NASDAQ:NNE) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.18) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.08. As a group, equities analysts anticipate that Nano Nuclear Energy Inc. will post -0.93 earnings per share for the current fiscal year.

Nano Nuclear Energy Company Profile

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.