Anthracite Investment Company Inc. Sells 28,647 Shares of NexGen Energy Ltd. (NYSE:NXE)

Anthracite Investment Company Inc. lowered its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 2.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,314,887 shares of the company’s stock after selling 28,647 shares during the period. NexGen Energy comprises about 3.0% of Anthracite Investment Company Inc.’s portfolio, making the stock its 2nd biggest position. Anthracite Investment Company Inc.’s holdings in NexGen Energy were worth $8,678,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Azarias Capital Management L.P. raised its stake in shares of NexGen Energy by 15.3% during the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock worth $13,455,000 after buying an additional 271,153 shares during the last quarter. Mountaineer Partners Management LLC raised its position in shares of NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after purchasing an additional 3,107,214 shares during the last quarter. Toronto Dominion Bank lifted its stake in NexGen Energy by 719.6% in the 3rd quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock valued at $1,176,000 after buying an additional 158,160 shares in the last quarter. Barclays PLC increased its position in NexGen Energy by 328.3% during the third quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after buying an additional 143,996 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock worth $46,434,000 after acquiring an additional 6,317,538 shares during the last quarter. 42.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NXE. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Thursday, March 6th. Stifel Nicolaus began coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Buy”.

NexGen Energy Stock Down 3.7 %

Shares of NYSE NXE opened at $4.98 on Wednesday. The stock has a market capitalization of $2.83 billion, a PE ratio of 33.20 and a beta of 1.97. The firm has a fifty day moving average of $5.85 and a 200-day moving average of $6.74. NexGen Energy Ltd. has a 52-week low of $4.44 and a 52-week high of $8.96.

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.