Generali Asset Management SPA SGR Buys 459,509 Shares of NexGen Energy $NXE

Generali Asset Management SPA SGR lifted its stake in shares of NexGen Energy (NYSE:NXE) by 72.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,095,652 shares of the company’s stock after purchasing an additional 459,509 shares during the period. Generali Asset Management SPA SGR’s holdings in NexGen Energy were worth $9,992,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of NXE. Guardian Partners Inc. lifted its stake in NexGen Energy by 43.3% in the 3rd quarter. Guardian Partners Inc. now owns 4,300 shares of the company’s stock valued at $39,000 after buying an additional 1,300 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in NexGen Energy by 595.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 206,381 shares of the company’s stock worth $1,881,000 after buying an additional 176,705 shares during the last quarter. TD Waterhouse Canada Inc. increased its stake in NexGen Energy by 19.2% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 200,800 shares of the company’s stock worth $1,779,000 after buying an additional 32,374 shares in the last quarter. Rye Brook Capital LLC increased its stake in NexGen Energy by 3.0% during the 3rd quarter. Rye Brook Capital LLC now owns 804,650 shares of the company’s stock worth $7,338,000 after buying an additional 23,350 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in NexGen Energy during the 2nd quarter worth approximately $62,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

NYSE:NXE opened at $8.79 on Wednesday. NexGen Energy has a twelve month low of $7.33 and a twelve month high of $13.96. The company’s 50-day moving average price is $9.52 and its 200-day moving average price is $10.78.

Analyst Upgrades and Downgrades

NXE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on NexGen Energy in a report on Monday, September 21st. They set an “overweight” rating and a $14.00 target price for the company. Wall Street Zen upgraded NexGen Energy from a “strong sell” rating to a “sell” rating in a research report on Sunday. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research note on Friday, August 28th. Finally, Jefferies Financial Group assumed coverage on NexGen Energy in a report on Thursday, September 3rd. They issued a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

NexGen Energy Profile

NexGen Energy Ltd. is a Canadian uranium exploration and development company focused on advancing projects in the Athabasca Basin of Saskatchewan, Canada. The company’s primary asset is the 100%-owned Rook I property, which hosts the Arrow uranium deposit and other discoveries.

NexGen’s main objective is to develop Rook I into a large-scale uranium mining and processing operation. The company conducts exploration, resource evaluation, engineering, environmental assessment and project permitting activities, rather than currently selling uranium or operating a producing mine.