Jupiter Topco LLC Purchases New Shares in NexGen Energy $NXE

Jupiter Topco LLC acquired a new position in shares of NexGen Energy (NYSE:NXE) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 539,350 shares of the company’s stock, valued at approximately $5,064,000. Jupiter Topco LLC owned about 0.08% of NexGen Energy as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NXE. Leonteq Securities AG increased its holdings in NexGen Energy by 88.2% in the first quarter. Leonteq Securities AG now owns 2,343 shares of the company’s stock valued at $28,000 after purchasing an additional 1,098 shares during the last quarter. Tidal Investments LLC boosted its holdings in NexGen Energy by 6.9% during the second quarter. Tidal Investments LLC now owns 28,015 shares of the company’s stock worth $194,000 after buying an additional 1,817 shares during the last quarter. Osaic Holdings Inc. grew its position in shares of NexGen Energy by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 35,057 shares of the company’s stock worth $243,000 after buying an additional 1,904 shares during the period. Evergreen Capital Management LLC increased its stake in shares of NexGen Energy by 4.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 53,935 shares of the company’s stock valued at $374,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Swiss Life Asset Management Ltd increased its stake in shares of NexGen Energy by 12.8% in the 4th quarter. Swiss Life Asset Management Ltd now owns 27,656 shares of the company’s stock valued at $254,000 after acquiring an additional 3,128 shares during the last quarter. 42.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of NexGen Energy from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of NexGen Energy in a research note on Friday, May 8th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of NexGen Energy in a research report on Tuesday, June 2nd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

NexGen Energy Stock Performance

Shares of NYSE NXE opened at $10.46 on Tuesday. The stock has a market capitalization of $7.00 billion, a PE ratio of -26.15 and a beta of 1.40. The stock has a 50 day moving average price of $9.84 and a 200 day moving average price of $11.04. NexGen Energy has a 52 week low of $7.33 and a 52 week high of $13.96.

About NexGen Energy

NexGen Energy is a Canada-based uranium exploration and development company focused on advancing its flagship Rook I project in the Athabasca Basin of northern Saskatchewan. The company’s primary activities include resource delineation, feasibility studies, and permitting for its high-grade Arrow deposit, one of the largest undeveloped uranium discoveries in the region. NexGen’s technical team employs advanced drilling, geophysical and geochemical techniques to expand and define its resource base, with the aim of delivering a robust, low-cost supply of uranium to global nuclear power markets.

The Rook I project sits within one of the world’s most prolific uranium districts, offering excellent infrastructure access, a skilled local workforce and a supportive regulatory regime.