Appian Way Asset Management LP Has $10.62 Million Stock Holdings in NexGen Energy Ltd. (NYSE:NXE)

Appian Way Asset Management LP increased its stake in NexGen Energy Ltd. (NYSE:NXE) by 403.7% in the third quarter, Holdings Channel.com reports. The firm owned 1,626,807 shares of the company’s stock after purchasing an additional 1,303,864 shares during the quarter. NexGen Energy makes up approximately 2.4% of Appian Way Asset Management LP’s investment portfolio, making the stock its 13th largest position. Appian Way Asset Management LP’s holdings in NexGen Energy were worth $10,623,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its position in NexGen Energy by 5,020.5% in the first quarter. Vanguard Group Inc. now owns 16,222,256 shares of the company’s stock valued at $126,047,000 after purchasing an additional 15,905,444 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in NexGen Energy by 792.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after purchasing an additional 6,317,538 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock worth $30,810,000 after acquiring an additional 1,582,705 shares during the period. Mackenzie Financial Corp grew its stake in shares of NexGen Energy by 411.2% in the second quarter. Mackenzie Financial Corp now owns 1,530,574 shares of the company’s stock valued at $10,675,000 after acquiring an additional 1,231,144 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in NexGen Energy during the third quarter worth approximately $6,585,000. 42.43% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report on Tuesday, September 3rd.

NexGen Energy Trading Up 1.6 %

NYSE:NXE opened at $8.45 on Friday. The stock’s 50-day moving average is $7.46 and its 200-day moving average is $6.90. The stock has a market cap of $4.77 billion, a P/E ratio of 56.30 and a beta of 1.90. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same period in the prior year, the business earned ($0.04) earnings per share. As a group, equities analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current year.

NexGen Energy Profile

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