NexGen Energy Ltd. (NYSE:NXE) Shares Sold by Anthracite Investment Company Inc.

Anthracite Investment Company Inc. decreased its holdings in NexGen Energy Ltd. (NYSE:NXE) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,314,887 shares of the company’s stock after selling 28,647 shares during the quarter. NexGen Energy accounts for about 3.0% of Anthracite Investment Company Inc.’s holdings, making the stock its 2nd biggest holding. Anthracite Investment Company Inc. owned about 0.23% of NexGen Energy worth $8,678,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NXE. PNC Financial Services Group Inc. grew its stake in shares of NexGen Energy by 284.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,700 shares in the last quarter. Larson Financial Group LLC raised its position in NexGen Energy by 122.7% in the 3rd quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after purchasing an additional 5,827 shares in the last quarter. Silver Lake Advisory LLC purchased a new position in shares of NexGen Energy in the 4th quarter valued at about $73,000. Matauro LLC acquired a new position in shares of NexGen Energy during the fourth quarter worth about $84,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of NexGen Energy during the third quarter worth approximately $98,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of NexGen Energy in a research note on Wednesday, March 12th. They set a “buy” rating for the company. Scotiabank reiterated an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Finally, Stifel Canada upgraded NexGen Energy to a “strong-buy” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Strong Buy”.

NexGen Energy Price Performance

Shares of NYSE:NXE opened at $4.98 on Wednesday. The stock has a market cap of $2.83 billion, a P/E ratio of 33.20 and a beta of 1.97. 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 price of $5.85 and a 200 day moving average price of $6.74.

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.