Geode Capital Management LLC Has $1.63 Million Stake in NexGen Energy Ltd. (NYSE:NXE)

Geode Capital Management LLC reduced its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 9.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 248,478 shares of the company’s stock after selling 26,935 shares during the period. Geode Capital Management LLC’s holdings in NexGen Energy were worth $1,628,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of NXE. Larson Financial Group LLC lifted its stake in NexGen Energy by 122.7% during the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after acquiring an additional 5,827 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of NexGen Energy during the third quarter valued at about $76,000. SevenBridge Financial Group LLC purchased a new position in NexGen Energy during the third quarter worth about $87,000. New Harbor Financial Group LLC increased its stake 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 valued at $98,000 after buying an additional 2,500 shares during the last quarter. Finally, Element Capital Management LLC bought a new position 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.

NexGen Energy Stock Down 1.6 %

Shares of NYSE NXE opened at $6.93 on Thursday. The company has a market capitalization of $3.92 billion, a PE ratio of 46.20 and a beta of 1.96. The stock’s 50 day moving average price is $7.58 and its 200-day moving average price is $6.89. NexGen Energy Ltd. has a twelve month low of $4.95 and a twelve month high of $8.96.

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