NexGen Energy Ltd. (NYSE:NXE) Stock Position Lifted by Azarias Capital Management L.P.

Azarias Capital Management L.P. lifted its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 15.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,038,627 shares of the company’s stock after acquiring an additional 271,153 shares during the quarter. NexGen Energy makes up approximately 6.0% of Azarias Capital Management L.P.’s holdings, making the stock its 6th biggest position. Azarias Capital Management L.P. owned about 0.36% of NexGen Energy worth $13,455,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew 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 buying an additional 6,317,538 shares in the last quarter. Van ECK Associates Corp increased its stake in NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after acquiring an additional 3,762,756 shares during the last quarter. Mountaineer Partners Management LLC raised its holdings in shares of NexGen Energy by 536.6% during the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after acquiring an additional 3,107,214 shares in the last quarter. Segra Capital Management LLC increased its position in NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after purchasing an additional 1,931,200 shares during the last quarter. Finally, Appian Way Asset Management LP raised its stake in NexGen Energy by 403.7% during the third quarter. Appian Way Asset Management LP now owns 1,626,807 shares of the company’s stock valued at $10,623,000 after purchasing an additional 1,303,864 shares in the last quarter. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Stock Up 2.2 %

NXE stock opened at $6.45 on Thursday. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.96. The firm has a market capitalization of $3.67 billion, a P/E ratio of 43.00 and a beta of 1.94. The company has a fifty day simple moving average of $7.01 and a two-hundred day simple moving average of $6.87.

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.