Garnet Equity Capital Holdings Inc. Grows Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Garnet Equity Capital Holdings Inc. boosted its position in NexGen Energy Ltd. (NYSE:NXE) by 15.4% in the 4th quarter, Holdings Channel reports. The fund owned 375,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. NexGen Energy makes up about 0.8% of Garnet Equity Capital Holdings Inc.’s investment portfolio, making the stock its 14th biggest position. Garnet Equity Capital Holdings Inc.’s holdings in NexGen Energy were worth $2,625,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mackenzie Financial Corp grew its stake in shares of NexGen Energy by 1.3% during the 3rd quarter. Mackenzie Financial Corp now owns 192,591 shares of the company’s stock valued at $1,079,000 after buying an additional 2,550 shares during the period. Triasima Portfolio Management inc. grew its stake in shares of NexGen Energy by 1.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 248,783 shares of the company’s stock valued at $1,744,000 after buying an additional 3,601 shares during the period. Headlands Technologies LLC purchased a new stake in shares of NexGen Energy during the 3rd quarter valued at $28,000. Anchor Investment Management LLC purchased a new stake in shares of NexGen Energy during the 4th quarter valued at $63,000. Finally, Financial Security Advisor Inc. purchased a new stake in shares of NexGen Energy during the 3rd quarter valued at $61,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Up 4.9 %

NexGen Energy stock traded up $0.38 during trading on Thursday, reaching $8.18. 6,869,444 shares of the company’s stock were exchanged, compared to its average volume of 6,399,572. The company’s 50-day moving average is $7.70 and its two-hundred day moving average is $7.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 11.00 and a current ratio of 11.00. NexGen Energy Ltd. has a 52-week low of $3.61 and a 52-week high of $8.88. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 407.70 and a beta of 1.90.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). On average, analysts predict that NexGen Energy Ltd. will post -0.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Scotiabank assumed coverage on shares of NexGen Energy in a research note on Monday, April 1st. They set a “sector outperform” rating for the company.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.