Azarias Capital Management L.P. Has $13.46 Million Stake in NexGen Energy Ltd. (NYSE:NXE)

Azarias Capital Management L.P. increased its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 15.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,038,627 shares of the company’s stock after purchasing an additional 271,153 shares during the quarter. NexGen Energy accounts for 6.0% of Azarias Capital Management L.P.’s holdings, making the stock its 6th biggest holding. Azarias Capital Management L.P.’s holdings in NexGen Energy were worth $13,455,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Stanley Laman Group Ltd. lifted its holdings in shares of NexGen Energy by 2.9% in the 4th quarter. Stanley Laman Group Ltd. now owns 504,394 shares of the company’s stock worth $3,329,000 after acquiring an additional 14,354 shares during the last quarter. Van ECK Associates Corp raised its position in NexGen Energy by 79.7% in the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after purchasing an additional 3,762,756 shares during the period. Jennison Associates LLC bought a new stake in NexGen Energy in the fourth quarter worth about $2,487,000. Caprock Group LLC purchased a new position in shares of NexGen Energy during the fourth quarter valued at approximately $462,000. Finally, Silver Lake Advisory LLC purchased a new position in shares of NexGen Energy during the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NYSE NXE opened at $6.45 on Thursday. NexGen Energy Ltd. has a fifty-two week low of $4.95 and a fifty-two week high of $8.96. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 43.00 and a beta of 1.94. The business’s 50 day moving average price is $7.01 and its 200-day moving average price is $6.87.

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.