NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its stake in NexGen Energy Ltd. (NYSE:NXE) by 49.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,184 shares of the company’s stock after selling 48,709 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in NexGen Energy were worth $331,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Azarias Capital Management L.P. grew its stake in shares of NexGen Energy by 15.3% during the fourth quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock valued at $13,455,000 after acquiring an additional 271,153 shares in the last quarter. Toronto Dominion Bank grew its stake in shares of NexGen Energy by 719.6% during the third quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock valued at $1,176,000 after acquiring an additional 158,160 shares in the last quarter. Barclays PLC grew its stake in shares of NexGen Energy by 328.3% during the third quarter. Barclays PLC now owns 187,861 shares of the company’s stock valued at $1,227,000 after acquiring an additional 143,996 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of NexGen Energy during the third quarter valued at about $4,915,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of NexGen Energy during the third quarter valued at about $796,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Stock Up 13.5 %

Shares of NYSE NXE opened at $4.61 on Thursday. The firm’s 50-day moving average price is $5.23 and its two-hundred day moving average price is $6.61. NexGen Energy Ltd. has a 52-week low of $3.91 and a 52-week high of $8.96. The stock has a market capitalization of $2.62 billion, a P/E ratio of 30.74 and a beta of 2.02.

Analyst Ratings Changes

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

NexGen Energy Company Profile

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.