Ardsley Advisory Partners LP Acquires 875,000 Shares of NexGen Energy $NXE

Ardsley Advisory Partners LP grew its holdings in shares of NexGen Energy (NYSE:NXE) by 350.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,125,000 shares of the company’s stock after acquiring an additional 875,000 shares during the quarter. Ardsley Advisory Partners LP’s holdings in NexGen Energy were worth $10,347,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of NexGen Energy by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 21,353,712 shares of the company’s stock valued at $191,180,000 after acquiring an additional 430,005 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of NexGen Energy by 4.0% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 30,608,861 shares of the company’s stock valued at $274,103,000 after acquiring an additional 1,189,516 shares during the last quarter. Ion Asset Management Ltd. boosted its position in shares of NexGen Energy by 3,404.6% during the 3rd quarter. Ion Asset Management Ltd. now owns 2,348,100 shares of the company’s stock valued at $21,015,000 after acquiring an additional 2,281,100 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of NexGen Energy by 28.9% during the 3rd quarter. Van ECK Associates Corp now owns 23,633,124 shares of the company’s stock valued at $211,517,000 after acquiring an additional 5,305,263 shares during the last quarter. Finally, Citigroup Inc. boosted its position in shares of NexGen Energy by 53.0% during the 3rd quarter. Citigroup Inc. now owns 676,352 shares of the company’s stock valued at $6,057,000 after acquiring an additional 234,224 shares during the last quarter. Institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

NXE has been the topic of a number of research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Friday, May 8th. Finally, UBS Group initiated coverage on NexGen Energy in a report on Thursday, March 5th. They set a “buy” rating on the stock. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

NexGen Energy Trading Down 1.2%

Shares of NYSE NXE opened at $10.50 on Thursday. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of -21.42 and a beta of 1.35. NexGen Energy has a 1-year low of $6.26 and a 1-year high of $13.96. The stock’s 50-day moving average is $11.51 and its 200 day moving average is $11.28.

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.