Fortis Capital Advisors LLC Sells 4,511 Shares of NexGen Energy Ltd. (NYSE:NXE)

Fortis Capital Advisors LLC reduced its stake in shares of NexGen Energy Ltd. (NYSE:NXEFree Report) by 20.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,555 shares of the company’s stock after selling 4,511 shares during the quarter. Fortis Capital Advisors LLC’s holdings in NexGen Energy were worth $123,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Triasima Portfolio Management inc. grew its stake in shares of NexGen Energy by 1.5% during the fourth quarter. Triasima Portfolio Management inc. now owns 248,783 shares of the company’s stock valued at $1,744,000 after buying an additional 3,601 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of NexGen Energy during the third quarter valued at approximately $28,000. Anchor Investment Management LLC bought a new position in shares of NexGen Energy during the fourth quarter valued at approximately $63,000. Financial Security Advisor Inc. bought a new position in shares of NexGen Energy during the third quarter valued at approximately $61,000. Finally, Clear Street Markets LLC bought a new position in shares of NexGen Energy during the third quarter valued at approximately $65,000. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Up 2.6 %

Shares of NYSE:NXE traded up $0.20 during trading on Friday, reaching $7.77. 7,029,681 shares of the company’s stock traded hands, compared to its average volume of 7,911,703. NexGen Energy Ltd. has a fifty-two week low of $3.61 and a fifty-two week high of $8.88. The firm has a market cap of $4.19 billion, a PE ratio of -777.00 and a beta of 1.90. The company has a 50-day simple moving average of $7.88 and a 200-day simple moving average of $7.35.

NexGen Energy (NYSE:NXEGet Free Report) last posted its earnings results on Wednesday, March 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). On average, equities research analysts forecast that NexGen Energy Ltd. will post -0.15 EPS for the current year.

Wall Street Analysts Forecast Growth

NXE has been the topic of several research analyst reports. Haywood Securities raised NexGen Energy to a “strong-buy” rating in a research note on Friday, May 17th. Scotiabank began coverage on NexGen Energy in a report on Monday, April 1st. They set a “sector outperform” rating for the company.

View Our Latest Stock Report on NXE

NexGen Energy Company Profile

(Free Report)

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.

See Also

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Institutional Ownership by Quarter for NexGen Energy (NYSE:NXE)

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