Cullen Frost Bankers Inc. Makes New Investment in NexGen Energy Ltd. (NYSE:NXE)

Cullen Frost Bankers Inc. acquired a new stake in NexGen Energy Ltd. (NYSE:NXE) in the 4th quarter, HoldingsChannel reports. The fund acquired 19,175 shares of the company’s stock, valued at approximately $127,000.

A number of other hedge funds have also recently modified their holdings of NXE. The Manufacturers Life Insurance Company raised its position in NexGen Energy by 792.0% during the third 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 in the last quarter. Van ECK Associates Corp increased its holdings in shares of NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after purchasing an additional 3,762,756 shares in the last quarter. Mountaineer Partners Management LLC increased its holdings in shares of NexGen Energy by 536.6% during the 3rd 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. Segra Capital Management LLC lifted its stake in shares of NexGen Energy by 19.8% in the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after purchasing an additional 1,931,200 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in NexGen Energy by 954.8% during the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock worth $12,385,000 after buying an additional 1,698,649 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Stock Performance

NXE opened at $4.87 on Monday. The company has a fifty day moving average of $6.35 and a two-hundred day moving average of $6.83. The stock has a market capitalization of $2.77 billion, a price-to-earnings ratio of 32.44 and a beta of 1.97. NexGen Energy Ltd. has a fifty-two week low of $4.58 and a fifty-two week high of $8.96.

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.