NexGen Energy Ltd. (NYSE:NXE) Stake Increased by Philadelphia Financial Management of San Francisco LLC

Philadelphia Financial Management of San Francisco LLC raised its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 18.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,022,615 shares of the company’s stock after acquiring an additional 461,185 shares during the period. NexGen Energy makes up approximately 3.1% of Philadelphia Financial Management of San Francisco LLC’s holdings, making the stock its 5th biggest position. Philadelphia Financial Management of San Francisco LLC’s holdings in NexGen Energy were worth $19,738,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NXE. Larson Financial Group LLC purchased a new stake in NexGen Energy during the 2nd quarter valued at approximately $33,000. DekaBank Deutsche Girozentrale bought a new stake in shares of NexGen Energy in the 3rd quarter valued at approximately $76,000. SevenBridge Financial Group LLC purchased a new stake in shares of NexGen Energy in the third quarter valued at $87,000. New Harbor Financial Group LLC raised its position in NexGen Energy by 20.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares during the period. Finally, Element Capital Management LLC bought a new stake in shares of NexGen Energy during the 2nd quarter worth approximately $110,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Wall Street Analyst Weigh In

Separately, National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd.

NexGen Energy Price Performance

Shares of NXE stock opened at $8.12 on Wednesday. The business has a fifty day moving average of $7.53 and a 200 day moving average of $6.90. The firm has a market capitalization of $4.59 billion, a price-to-earnings ratio of 54.14 and a beta of 1.91. NexGen Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.96.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the business earned ($0.04) earnings per share. As a group, equities research analysts expect that NexGen Energy Ltd. will post -0.05 earnings per share for the current year.

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.