NexGen Energy Ltd. (NYSE:NXE) is Oxbow Capital Management HK Ltd’s 6th Largest Position

Oxbow Capital Management HK Ltd trimmed its stake in NexGen Energy Ltd. (NYSE:NXE) by 1.5% in the third quarter, Holdings Channel.com reports. The firm owned 2,588,169 shares of the company’s stock after selling 39,024 shares during the quarter. NexGen Energy comprises 7.2% of Oxbow Capital Management HK Ltd’s portfolio, making the stock its 6th largest holding. Oxbow Capital Management HK Ltd’s holdings in NexGen Energy were worth $16,901,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Larson Financial Group LLC bought a new stake in NexGen Energy in the second quarter worth approximately $33,000. DekaBank Deutsche Girozentrale bought a new position in NexGen Energy in the 3rd quarter worth approximately $76,000. SevenBridge Financial Group LLC acquired a new position in NexGen Energy during the 3rd quarter valued at $87,000. New Harbor Financial Group LLC raised its position in shares of NexGen Energy by 20.0% during the third quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after buying an additional 2,500 shares during the last quarter. Finally, Element Capital Management LLC acquired a new stake in NexGen Energy during the second quarter worth about $110,000. 42.43% of the stock is currently owned by institutional investors and hedge funds.

NexGen Energy Stock Down 1.1 %

Shares of NexGen Energy stock opened at $8.38 on Friday. NexGen Energy Ltd. has a 12-month low of $4.95 and a 12-month high of $8.96. The stock has a market capitalization of $4.73 billion, a P/E ratio of 55.84 and a beta of 1.91. The company has a 50-day simple moving average of $7.60 and a 200 day simple moving average of $6.92.

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

Analyst Upgrades and Downgrades

Separately, National Bank Financial raised NexGen Energy to a “strong-buy” rating in a report 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.