Oxbow Capital Management HK Ltd Cuts Position in NexGen Energy Ltd. (NYSE:NXE)

Oxbow Capital Management HK Ltd cut its stake in NexGen Energy Ltd. (NYSE:NXE) by 1.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,588,169 shares of the company’s stock after selling 39,024 shares during the period. NexGen Energy accounts for approximately 7.2% of Oxbow Capital Management HK Ltd’s investment portfolio, making the stock its 6th largest holding. Oxbow Capital Management HK Ltd owned 0.46% of NexGen Energy worth $16,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in NexGen Energy by 792.0% in 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 acquiring an additional 6,317,538 shares during the period. Van ECK Associates Corp increased its holdings in shares of NexGen Energy by 50.5% during the third quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock valued at $30,810,000 after purchasing an additional 1,582,705 shares during the period. Mountaineer Partners Management LLC raised its stake in shares of NexGen Energy by 536.6% during the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after purchasing an additional 3,107,214 shares in the last quarter. TD Asset Management Inc lifted its holdings in NexGen Energy by 1.5% in the second quarter. TD Asset Management Inc now owns 3,131,701 shares of the company’s stock worth $21,834,000 after purchasing an additional 47,394 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC grew its position in NexGen Energy by 18.0% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company’s stock valued at $19,738,000 after buying an additional 461,185 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NXE opened at $8.38 on Friday. The stock’s fifty day moving average is $7.60 and its 200-day moving average is $6.92. NexGen Energy Ltd. has a one year low of $4.95 and a one year high of $8.96. The company has a market capitalization of $4.73 billion, a PE ratio of 55.84 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the prior year, the business earned ($0.04) EPS. On average, equities research analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, National Bank Financial raised shares of NexGen Energy to a “strong-buy” rating in a research note on Tuesday, September 3rd.

About NexGen Energy

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.