Lighthouse Investment Partners LLC Buys New Position in NexGen Energy Ltd. (NYSE:NXE)

Lighthouse Investment Partners LLC bought a new stake in NexGen Energy Ltd. (NYSE:NXEFree Report) in the fourth quarter, HoldingsChannel reports. The fund bought 103,200 shares of the company’s stock, valued at approximately $723,000.

Other large investors have also recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of NexGen Energy in the 3rd quarter valued at about $28,000. Anchor Investment Management LLC acquired a new stake in shares of NexGen Energy in the 4th quarter valued at about $63,000. Clear Street Markets LLC acquired a new stake in shares of NexGen Energy in the 3rd quarter valued at about $65,000. Spartan Fund Management Inc. acquired a new stake in shares of NexGen Energy in the 4th quarter valued at about $86,000. Finally, Southland Equity Partners LLC acquired a new stake in shares of NexGen Energy in the 4th quarter valued at about $123,000. 42.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Scotiabank assumed coverage on NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating for the company. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th.

Check Out Our Latest Analysis on NXE

NexGen Energy Price Performance

Shares of NXE stock opened at $7.05 on Tuesday. The stock has a 50 day simple moving average of $7.83 and a 200-day simple moving average of $7.45. NexGen Energy Ltd. has a 12-month low of $4.36 and a 12-month high of $8.88.

NexGen Energy (NYSE:NXEGet Free Report) last issued its earnings results on Wednesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Sell-side analysts expect that NexGen Energy Ltd. will post -0.15 earnings per share for the current year.

About NexGen Energy

(Free Report)

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

See Also

Want to see what other hedge funds are holding NXE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NexGen Energy Ltd. (NYSE:NXEFree Report).

Institutional Ownership by Quarter for NexGen Energy (NYSE:NXE)

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