WINTON GROUP Ltd Buys New Stake in X-Energy, Inc. $XE

WINTON GROUP Ltd bought a new stake in shares of X-Energy, Inc. (NASDAQ:XE) during the second quarter, HoldingsChannel reports. The fund bought 89,575 shares of the company’s stock, valued at approximately $1,645,000.

Other institutional investors also recently made changes to their positions in the company. IFP Advisors Inc purchased a new stake in shares of X-Energy in the second quarter valued at $95,000. Formula Growth Ltd. acquired a new position in X-Energy in the 2nd quarter valued at about $174,000. AXQ Capital LP purchased a new position in X-Energy in the 2nd quarter valued at about $188,000. California State Teachers Retirement System acquired a new stake in shares of X-Energy during the 2nd quarter worth about $201,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of X-Energy during the 2nd quarter worth about $221,000.

X-Energy Stock Performance

NASDAQ XE opened at $14.93 on Friday. The firm has a market cap of $6.07 billion and a P/E ratio of -99.53. X-Energy, Inc. has a 12 month low of $13.29 and a 12 month high of $37.10. The company’s 50-day moving average is $17.67.

X-Energy (NASDAQ:XE) last released its earnings results on Thursday, August 13th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million for the quarter. X-Energy’s revenue for the quarter was up 154.0% compared to the same quarter last year. On average, analysts expect that X-Energy, Inc. will post -0.67 EPS for the current fiscal year.

Analyst Ratings Changes

XE has been the subject of a number of analyst reports. UBS Group cut their price objective on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Weiss Ratings began coverage on shares of X-Energy in a research note on Monday, July 20th. They issued a “sell (d)” rating for the company. Morgan Stanley started coverage on shares of X-Energy in a research note on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 target price for the company. JPMorgan Chase & Co. began coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $38.00 price target for the company. Finally, Guggenheim reissued a “buy” rating and set a $57.00 price target on shares of X-Energy in a research note on Tuesday, September 8th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, X-Energy presently has an average rating of “Hold” and an average price target of $34.25.

About X-Energy

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.