UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Stock Position in NexGen Energy Ltd. (NYSE:NXE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in NexGen Energy Ltd. (NYSE:NXE) by 2.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 451,358 shares of the company’s stock after buying an additional 10,545 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in NexGen Energy were worth $2,947,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in shares of NexGen Energy by 792.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after acquiring an additional 6,317,538 shares during the last quarter. Van ECK Associates Corp increased its stake in NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock worth $30,810,000 after acquiring an additional 1,582,705 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of NexGen Energy by 1.5% in the 2nd quarter. TD Asset Management Inc now owns 3,131,701 shares of the company’s stock valued at $21,834,000 after purchasing an additional 47,394 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of NexGen Energy by 20.8% in the 2nd quarter. Bank of Montreal Can now owns 1,807,849 shares of the company’s stock worth $12,946,000 after purchasing an additional 311,091 shares during the period. Finally, Millennium Management LLC boosted its holdings in shares of NexGen Energy by 109.6% in the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $11,441,000 after purchasing an additional 858,471 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

NexGen Energy Price Performance

Shares of NXE opened at $7.50 on Friday. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96. The company has a 50-day moving average of $7.75 and a 200 day moving average of $6.92. The firm has a market capitalization of $4.24 billion, a price-to-earnings ratio of 50.00 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last posted its earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter last year, the firm earned ($0.04) EPS. On average, equities analysts anticipate that NexGen Energy Ltd. will post -0.05 earnings per share for the current fiscal year.

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.