NexGen Energy Ltd. (NYSE:NXE) Shares Bought by Garnet Equity Capital Holdings Inc.

Garnet Equity Capital Holdings Inc. increased its holdings in NexGen Energy Ltd. (NYSE:NXE) by 15.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 375,000 shares of the company’s stock after purchasing an additional 50,000 shares during the quarter. NexGen Energy accounts for about 0.8% of Garnet Equity Capital Holdings Inc.’s holdings, making the stock its 14th largest holding. Garnet Equity Capital Holdings Inc. owned 0.07% of NexGen Energy worth $2,625,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NXE. FMR LLC raised its holdings in shares of NexGen Energy by 99,379.5% during the third quarter. FMR LLC now owns 11,674,918 shares of the company’s stock valued at $69,882,000 after acquiring an additional 11,663,182 shares during the last quarter. L1 Capital Pty Ltd raised its holdings in shares of NexGen Energy by 31.3% during the third quarter. L1 Capital Pty Ltd now owns 21,816,773 shares of the company’s stock valued at $130,246,000 after acquiring an additional 5,195,210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of NexGen Energy by 12.4% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,761,298 shares of the company’s stock valued at $142,884,000 after acquiring an additional 2,612,540 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of NexGen Energy by 83.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,649,400 shares of the company’s stock valued at $15,857,000 after acquiring an additional 1,206,200 shares during the last quarter. Finally, Alps Advisors Inc. raised its holdings in shares of NexGen Energy by 10.5% during the third quarter. Alps Advisors Inc. now owns 12,319,817 shares of the company’s stock valued at $73,549,000 after acquiring an additional 1,168,795 shares during the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NXE stock traded up $0.38 during trading hours on Thursday, reaching $8.18. The company had a trading volume of 6,869,444 shares, compared to its average volume of 6,399,572. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00. The stock has a fifty day moving average of $7.70 and a 200-day moving average of $7.11. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 407.70 and a beta of 1.90. NexGen Energy Ltd. has a 12-month low of $3.61 and a 12-month high of $8.88.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). On average, equities analysts anticipate that NexGen Energy Ltd. will post -0.1 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Scotiabank initiated coverage on NexGen Energy in a report on Monday, April 1st. They set a “sector outperform” rating for the company.

NexGen Energy 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 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.