Masters Capital Management LLC Sells 25,000 Shares of NexGen Energy Ltd. (NYSE:NXE)

Masters Capital Management LLC reduced its stake in shares of NexGen Energy Ltd. (NYSE:NXE) by 2.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 975,000 shares of the company’s stock after selling 25,000 shares during the period. Masters Capital Management LLC owned about 0.17% of NexGen Energy worth $6,806,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC bought a new stake in shares of NexGen Energy in the 2nd quarter worth approximately $33,000. Lodestone Wealth Management LLC purchased a new stake in NexGen Energy during the 1st quarter worth about $91,000. Element Capital Management LLC purchased a new position in NexGen Energy during the 2nd quarter valued at about $110,000. Legacy Capital Group California Inc. bought a new stake in shares of NexGen Energy during the second quarter valued at about $125,000. Finally, CapWealth Advisors LLC purchased a new stake in shares of NexGen Energy in the second quarter worth about $147,000. 42.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXE has been the subject of several research analyst reports. Ventum Cap Mkts raised NexGen Energy to a “strong-buy” rating in a research note on Monday, July 8th. National Bank Financial upgraded NexGen Energy to a “strong-buy” rating in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Strong Buy” and a consensus price target of $11.00.

NexGen Energy Price Performance

NXE opened at $6.51 on Tuesday. NexGen Energy Ltd. has a one year low of $4.95 and a one year high of $8.88. The business has a 50 day simple moving average of $5.99 and a two-hundred day simple moving average of $7.01. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of -650.50 and a beta of 1.91.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. During the same quarter in the previous year, the firm posted ($0.03) EPS. As a group, sell-side analysts expect that NexGen Energy Ltd. will post -0.09 EPS for the current fiscal year.

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 100% interest in the Rook I project comprising 32 contiguous mineral claims totaling an area of 35,065 hectares located in the southwestern Athabasca Basin of Saskatchewan.