CIBC Asset Management Inc Reduces Holdings in NexGen Energy Ltd. (NYSE:NXE)

CIBC Asset Management Inc reduced its holdings in shares of NexGen Energy Ltd. (NYSE:NXE) by 12.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 807,839 shares of the company’s stock after selling 118,475 shares during the period. CIBC Asset Management Inc’s holdings in NexGen Energy were worth $5,316,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NXE. Stanley Laman Group Ltd. grew its holdings in shares of NexGen Energy by 2.1% during the third quarter. Stanley Laman Group Ltd. now owns 490,040 shares of the company’s stock worth $3,200,000 after buying an additional 9,991 shares in the last quarter. Rye Brook Capital LLC grew its holdings in shares of NexGen Energy by 18.7% during the third quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after buying an additional 109,500 shares in the last quarter. Legacy Capital Group California Inc. grew its holdings in shares of NexGen Energy by 132.6% during the third quarter. Legacy Capital Group California Inc. now owns 41,773 shares of the company’s stock worth $273,000 after buying an additional 23,812 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of NexGen Energy during the third quarter worth about $76,000. Finally, Van ECK Associates Corp grew 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 worth $30,810,000 after buying an additional 1,582,705 shares in the last quarter. 42.43% of the stock is currently owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

Shares of NYSE NXE opened at $5.92 on Thursday. The company has a market cap of $3.37 billion, a PE ratio of 39.44 and a beta of 1.94. NexGen Energy Ltd. has a 12 month low of $4.95 and a 12 month high of $8.96. The company has a 50-day simple moving average of $6.80 and a 200-day simple moving average of $6.87.

NexGen Energy 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.