Janus Henderson Group PLC Acquires 413,061 Shares of NexGen Energy $NXE

Janus Henderson Group PLC boosted its holdings in NexGen Energy (NYSE:NXE) by 107.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 799,183 shares of the company’s stock after acquiring an additional 413,061 shares during the quarter. Janus Henderson Group PLC’s holdings in NexGen Energy were worth $9,248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. L1 Capital Pty Ltd boosted its stake in shares of NexGen Energy by 9.1% in the 4th quarter. L1 Capital Pty Ltd now owns 33,642,681 shares of the company’s stock valued at $309,145,000 after purchasing an additional 2,804,090 shares in the last quarter. Van ECK Associates Corp increased its position in NexGen Energy by 23.4% during the 4th quarter. Van ECK Associates Corp now owns 29,157,056 shares of the company’s stock worth $268,240,000 after purchasing an additional 5,523,932 shares in the last quarter. Vanguard Group Inc. increased its position in NexGen Energy by 15.5% during the 4th quarter. Vanguard Group Inc. now owns 24,657,783 shares of the company’s stock worth $226,901,000 after purchasing an additional 3,304,071 shares in the last quarter. Millennium Management LLC lifted its stake in NexGen Energy by 97.8% in the 3rd quarter. Millennium Management LLC now owns 10,134,381 shares of the company’s stock valued at $90,718,000 after purchasing an additional 5,011,890 shares during the last quarter. Finally, Hancock Prospecting Pty Ltd boosted its position in NexGen Energy by 10.0% in the fourth quarter. Hancock Prospecting Pty Ltd now owns 9,078,245 shares of the company’s stock valued at $83,656,000 after buying an additional 828,245 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

Wall Street Analysts Forecast Growth

NXE has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of NexGen Energy in a report on Tuesday, June 2nd. Scotiabank restated an “outperform” rating on shares of NexGen Energy in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, NexGen Energy presently has a consensus rating of “Moderate Buy”.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $10.04 on Thursday. NexGen Energy has a 52 week low of $6.26 and a 52 week high of $13.96. The firm has a market cap of $6.72 billion, a PE ratio of -20.48 and a beta of 1.40. The firm’s fifty day moving average is $9.87 and its 200-day moving average is $11.24.

NexGen Energy Company 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.