Lloyd Harbor Capital Management LLC Boosts Position in NexGen Energy Ltd. (NYSE:NXE)

Lloyd Harbor Capital Management LLC increased its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 92.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,912,817 shares of the company’s stock after acquiring an additional 920,730 shares during the quarter. NexGen Energy makes up 8.3% of Lloyd Harbor Capital Management LLC’s investment portfolio, making the stock its 4th largest position. Lloyd Harbor Capital Management LLC owned approximately 0.34% of NexGen Energy worth $12,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of NXE. Barclays PLC grew its position in shares of NexGen Energy by 328.3% in the 3rd quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after buying an additional 143,996 shares during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of NexGen Energy in the 4th quarter worth approximately $413,000. Janney Montgomery Scott LLC grew its position in shares of NexGen Energy by 10.8% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock worth $101,000 after buying an additional 1,500 shares during the last quarter. Silver Lake Advisory LLC bought a new stake in shares of NexGen Energy in the 4th quarter worth approximately $73,000. Finally, Caprock Group LLC bought a new stake in shares of NexGen Energy in the 4th quarter worth approximately $462,000. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Stock Up 3.1%

NYSE NXE opened at $5.72 on Monday. NexGen Energy Ltd. has a twelve month low of $3.91 and a twelve month high of $8.96. The firm has a market capitalization of $3.26 billion, a PE ratio of 38.14 and a beta of 1.50. The stock’s 50 day moving average is $4.83 and its 200 day moving average is $6.27.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NXE. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Stifel Nicolaus started coverage on NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Raymond James restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, April 4th. Three analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Strong Buy”.

About NexGen Energy

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.