Picton Mahoney Asset Management Sells 275,495 Shares of NexGen Energy $NXE

Picton Mahoney Asset Management lessened its position in shares of NexGen Energy (NYSE:NXE) by 27.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 734,961 shares of the company’s stock after selling 275,495 shares during the quarter. Picton Mahoney Asset Management’s holdings in NexGen Energy were worth $6,577,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NXE. Sprott Inc. grew its stake in shares of NexGen Energy by 4.3% during the 3rd quarter. Sprott Inc. now owns 437,427 shares of the company’s stock valued at $3,915,000 after purchasing an additional 18,187 shares during the period. Quantbot Technologies LP lifted its stake in shares of NexGen Energy by 84.0% in the 3rd quarter. Quantbot Technologies LP now owns 276,403 shares of the company’s stock worth $2,474,000 after purchasing an additional 126,187 shares during the period. TD Asset Management Inc boosted its holdings in shares of NexGen Energy by 0.8% in the third quarter. TD Asset Management Inc now owns 3,326,630 shares of the company’s stock worth $29,790,000 after buying an additional 27,728 shares during the last quarter. Citigroup Inc. grew its position in NexGen Energy by 53.0% during the third quarter. Citigroup Inc. now owns 676,352 shares of the company’s stock valued at $6,057,000 after buying an additional 234,224 shares during the period. Finally, Sava Infond d.o.o. grew its position in NexGen Energy by 43.8% during the third quarter. Sava Infond d.o.o. now owns 23,000 shares of the company’s stock valued at $206,000 after buying an additional 7,000 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Trading Up 3.2%

NYSE NXE opened at $12.75 on Thursday. NexGen Energy has a 12 month low of $3.91 and a 12 month high of $13.96. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of -31.10 and a beta of 1.41. The company’s 50 day moving average is $11.64 and its two-hundred day moving average is $9.60.

Analysts Set New Price Targets

Several research analysts have weighed in on NXE shares. Weiss Ratings reiterated a “sell (d)” rating on shares of NexGen Energy in a research report on Thursday, January 22nd. Raymond James Financial restated an “outperform” rating on shares of NexGen Energy in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

NexGen Energy Profile

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.