Tejara Capital Ltd Reduces Holdings in NexGen Energy Ltd. (NYSE:NXE)

Tejara Capital Ltd decreased its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 91.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

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

NexGen Energy Price Performance

Shares of NXE stock opened at $4.82 on Tuesday. NexGen Energy Ltd. has a 1-year low of $4.44 and a 1-year high of $8.96. The firm has a fifty day moving average of $6.07 and a two-hundred day moving average of $6.77. The firm has a market cap of $2.74 billion, a P/E ratio of 32.10 and a beta of 1.97.

Analysts Set New Price Targets

Several research analysts have weighed in on NXE shares. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Stifel Nicolaus started coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Buy”.

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.