Stock Traders Buy High Volume of Call Options on NexGen Energy (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the recipient of unusually large options trading on Thursday. Investors purchased 16,684 call options on the company. This is an increase of approximately 65% compared to the typical volume of 10,121 call options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in NXE. Segra Capital Management LLC increased its stake in NexGen Energy by 19.8% in the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after acquiring an additional 1,931,200 shares during the period. Van ECK Associates Corp grew its stake in shares of NexGen Energy by 79.7% in 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 during the period. The Manufacturers Life Insurance Company raised its holdings in shares of NexGen Energy by 792.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock worth $46,434,000 after buying an additional 6,317,538 shares in the last quarter. Mountaineer Partners Management LLC lifted its position 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 worth $24,071,000 after buying an additional 3,107,214 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC boosted its stake in NexGen Energy by 18.0% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company’s stock valued at $19,738,000 after buying an additional 461,185 shares in the last quarter. Institutional investors own 42.43% of the company’s stock.

NexGen Energy Price Performance

Shares of NXE opened at $6.77 on Friday. The company has a market capitalization of $3.85 billion, a PE ratio of 45.10 and a beta of 1.96. The company’s fifty day moving average price is $7.39 and its 200 day moving average price is $6.87. NexGen Energy has a one year low of $4.95 and a one year high of $8.96.

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

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.