SG Americas Securities LLC Boosts Stake in Nano Nuclear Energy Inc. $NNE

SG Americas Securities LLC increased its holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE) by 549.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,408 shares of the company’s stock after purchasing an additional 28,260 shares during the quarter. SG Americas Securities LLC owned 0.08% of Nano Nuclear Energy worth $1,288,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Nano Nuclear Energy by 185.2% in the first quarter. Royal Bank of Canada now owns 21,143 shares of the company’s stock valued at $560,000 after buying an additional 13,730 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of Nano Nuclear Energy during the 1st quarter valued at approximately $1,187,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Nano Nuclear Energy by 535.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,547 shares of the company’s stock valued at $385,000 after acquiring an additional 12,256 shares during the period. NewEdge Advisors LLC increased its holdings in Nano Nuclear Energy by 385.8% in the 1st quarter. NewEdge Advisors LLC now owns 1,914 shares of the company’s stock worth $51,000 after acquiring an additional 1,520 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Nano Nuclear Energy by 376.9% in the 1st quarter. Rhumbline Advisers now owns 29,628 shares of the company’s stock worth $784,000 after acquiring an additional 23,416 shares in the last quarter.

Nano Nuclear Energy Stock Performance

Shares of NNE stock opened at $35.67 on Friday. Nano Nuclear Energy Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $60.87. The stock’s fifty day moving average is $32.12 and its two-hundred day moving average is $36.32. The firm has a market capitalization of $1.80 billion, a P/E ratio of -34.30 and a beta of 7.48.

Nano Nuclear Energy (NASDAQ:NNE) last issued its earnings results on Thursday, December 18th. The company reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.14. On average, equities analysts forecast that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Benchmark reaffirmed a “buy” rating on shares of Nano Nuclear Energy in a report on Friday, December 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Nano Nuclear Energy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Insider Activity at Nano Nuclear Energy

In other Nano Nuclear Energy news, Director Kenny Joe Yung Yu sold 40,000 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $32.43, for a total value of $1,297,200.00. Following the completion of the sale, the director owned 15,000 shares in the company, valued at approximately $486,450. This represents a 72.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Diane Elizabeth Hare sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $28.70, for a total transaction of $574,000.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,936,000 shares of company stock worth $56,375,077 in the last 90 days. 32.77% of the stock is owned by insiders.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.