Philadelphia Financial Management of San Francisco LLC Boosts Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Philadelphia Financial Management of San Francisco LLC lifted its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 18.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,022,615 shares of the company’s stock after acquiring an additional 461,185 shares during the period. NexGen Energy makes up about 3.1% of Philadelphia Financial Management of San Francisco LLC’s investment portfolio, making the stock its 5th largest holding. Philadelphia Financial Management of San Francisco LLC owned about 0.53% of NexGen Energy worth $19,738,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC acquired a new stake in shares of NexGen Energy during the 2nd quarter worth about $33,000. DekaBank Deutsche Girozentrale bought a new stake in shares of NexGen Energy during the 3rd quarter worth approximately $76,000. SevenBridge Financial Group LLC acquired a new stake in shares of NexGen Energy in the 3rd quarter valued at $87,000. New Harbor Financial Group LLC increased its position in NexGen Energy by 20.0% during the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock worth $98,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Element Capital Management LLC acquired a new stake in shares of NexGen Energy during the 2nd quarter valued at $110,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

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.

NexGen Energy Price Performance

Shares of NexGen Energy stock opened at $8.12 on Wednesday. The stock has a fifty day moving average price of $7.53 and a 200-day moving average price of $6.90. NexGen Energy Ltd. has a 1 year low of $4.95 and a 1 year high of $8.96. The firm has a market cap of $4.59 billion, a PE ratio of 54.14 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same quarter in the previous year, the company earned ($0.04) EPS. As a group, equities analysts anticipate that NexGen Energy Ltd. will post -0.05 EPS for the current fiscal year.

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.