Driehaus Capital Management LLC Has $14.16 Million Holdings in NexGen Energy Ltd. (NYSE:NXE)

Driehaus Capital Management LLC boosted its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 54.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,146,030 shares of the company’s stock after acquiring an additional 760,589 shares during the period. Driehaus Capital Management LLC’s holdings in NexGen Energy were worth $14,164,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NXE. PNC Financial Services Group Inc. increased its position in NexGen Energy by 284.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 5,000 shares of the company’s stock worth $33,000 after acquiring an additional 3,700 shares during the period. Altshuler Shaham Ltd bought a new position in shares of NexGen Energy during the 4th quarter worth about $51,000. Mariner LLC bought a new position in shares of NexGen Energy during the 4th quarter worth about $68,000. Silver Lake Advisory LLC acquired a new position in shares of NexGen Energy during the fourth quarter valued at about $73,000. Finally, Aptus Capital Advisors LLC acquired a new stake in NexGen Energy during the fourth quarter worth about $79,000. 42.43% of the stock is currently owned by institutional investors.

NexGen Energy Price Performance

NexGen Energy stock opened at $5.72 on Friday. The business has a 50 day simple moving average of $4.83 and a 200 day simple moving average of $6.29. The company has a market capitalization of $3.26 billion, a PE ratio of 38.14 and a beta of 1.50. NexGen Energy Ltd. has a one year low of $3.91 and a one year high of $8.96.

Analyst Ratings Changes

NXE has been the subject of several recent research reports. Stifel Nicolaus began coverage on NexGen Energy in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research report on Thursday, March 6th. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Raymond James reaffirmed an “outperform” rating on shares of NexGen Energy in a report on Friday, April 4th. Three analysts have rated the stock with a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat, NexGen Energy presently has a consensus rating of “Strong Buy”.

NexGen Energy Company 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.