NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. decreased its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 919,200 shares of the company’s stock after selling 168,000 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of NexGen Energy worth $6,054,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NXE. PNC Financial Services Group Inc. increased its holdings in shares of NexGen Energy by 284.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after buying an additional 3,700 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after purchasing an additional 5,827 shares in the last quarter. Silver Lake Advisory LLC purchased a new stake in shares of NexGen Energy during the 4th quarter worth about $73,000. Matauro LLC acquired a new stake in NexGen Energy during the 4th quarter worth approximately $84,000. Finally, SevenBridge Financial Group LLC purchased a new position in NexGen Energy in the third quarter valued at approximately $87,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Down 0.1 %

NXE opened at $4.69 on Friday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 31.24 and a beta of 1.97. The firm’s 50 day moving average is $6.13 and its 200-day moving average is $6.77. NexGen Energy Ltd. has a 52-week low of $4.44 and a 52-week high of $8.96.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NXE. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Finally, Stifel Nicolaus assumed coverage on NexGen Energy in a research note on Wednesday. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.

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 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.