Appian Way Asset Management LP Purchases 1,303,864 Shares of NexGen Energy Ltd. (NYSE:NXE)

Appian Way Asset Management LP lifted its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 403.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,626,807 shares of the company’s stock after acquiring an additional 1,303,864 shares during the period. NexGen Energy makes up about 2.4% of Appian Way Asset Management LP’s investment portfolio, making the stock its 13th biggest position. Appian Way Asset Management LP owned 0.29% of NexGen Energy worth $10,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NXE. Kapitalo Investimentos Ltda acquired a new position in NexGen Energy in the third quarter worth $6,585,000. CIBC Asset Management Inc lifted its position 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 in the last quarter. Rye Brook Capital LLC grew its holdings in NexGen Energy by 18.7% during the 3rd quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after acquiring an additional 109,500 shares during the last quarter. Millennium Management LLC increased its position in NexGen Energy by 109.6% in the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock valued at $11,441,000 after acquiring an additional 858,471 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of NexGen Energy by 5,020.5% in the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock worth $126,047,000 after acquiring an additional 15,905,444 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

NexGen Energy Trading Up 1.6 %

NexGen Energy stock opened at $8.45 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 market cap of $4.77 billion, a PE ratio of 56.30 and a beta of 1.90. The company’s 50-day moving average is $7.46 and its two-hundred day moving average is $6.90.

NexGen Energy (NYSE:NXE) last issued its earnings results 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 period in the previous year, the company posted ($0.04) earnings per share. Research analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.