Silver Lake Advisory LLC Acquires New Position in NexGen Energy Ltd. (NYSE:NXE)

Silver Lake Advisory LLC bought a new position in NexGen Energy Ltd. (NYSE:NXE) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 11,000 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors have also modified their holdings of the stock. Janney Montgomery Scott LLC boosted its holdings in shares of NexGen Energy by 10.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,345 shares of the company’s stock valued at $101,000 after purchasing an additional 1,500 shares during the period. Harbour Capital Advisors LLC purchased a new stake in shares of NexGen Energy in the 4th quarter worth $413,000. Sanctuary Advisors LLC purchased a new stake in shares of NexGen Energy in the 3rd quarter worth $98,000. Barclays PLC grew its position in shares of NexGen Energy by 328.3% during the 3rd quarter. Barclays PLC now owns 187,861 shares of the company’s stock worth $1,227,000 after buying an additional 143,996 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of NexGen Energy by 719.6% during the third quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock valued at $1,176,000 after buying an additional 158,160 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

NYSE:NXE opened at $7.42 on Friday. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96. The company has a 50-day moving average of $7.50 and a 200 day moving average of $6.89. The firm has a market cap of $4.22 billion, a PE ratio of 49.44 and a beta of 1.96.

NexGen Energy (NYSE:NXE) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter last year, the company posted ($0.04) EPS. Sell-side analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal 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.