NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Tejara Capital Ltd

Tejara Capital Ltd cut its holdings in NexGen Energy Ltd. (NYSE:NXE) by 91.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,400 shares of the company’s stock after selling 788,336 shares during the period. Tejara Capital Ltd’s holdings in NexGen Energy were worth $478,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of NXE. Old West Investment Management LLC boosted its holdings in shares of NexGen Energy by 61.4% in the 3rd quarter. Old West Investment Management LLC now owns 1,143,028 shares of the company’s stock valued at $7,464,000 after buying an additional 434,670 shares during the period. CIBC Asset Management Inc lifted its position in NexGen Energy by 13.4% in the 3rd quarter. CIBC Asset Management Inc now owns 926,314 shares of the company’s stock valued at $6,043,000 after purchasing an additional 109,754 shares during the last quarter. Natixis Advisors LLC lifted its position in NexGen Energy by 39.2% in the 3rd quarter. Natixis Advisors LLC now owns 57,820 shares of the company’s stock valued at $378,000 after purchasing an additional 16,296 shares during the last quarter. Swiss National Bank lifted its position in NexGen Energy by 3.3% in the 3rd quarter. Swiss National Bank now owns 1,048,900 shares of the company’s stock valued at $6,851,000 after purchasing an additional 33,500 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in NexGen Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 998,450 shares of the company’s stock valued at $6,519,000 after purchasing an additional 19,718 shares during the last quarter. 42.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They issued a “buy” rating on the stock. Stifel Canada upgraded shares of NexGen Energy to a “strong-buy” rating in a research report on Tuesday, March 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Two analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

NexGen Energy Trading Up 2.7 %

NXE stock opened at $4.82 on Tuesday. NexGen Energy Ltd. has a 52 week low of $4.44 and a 52 week high of $8.96. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of 32.10 and a beta of 1.97. The firm’s 50-day moving average is $6.07 and its two-hundred day moving average is $6.77.

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.