Bank of New York Mellon Corp Has $475,000 Holdings in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Bank of New York Mellon Corp increased its stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) by 40.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 19,077 shares of the company’s stock after acquiring an additional 5,451 shares during the period. Bank of New York Mellon Corp owned 0.05% of Nano Nuclear Energy worth $475,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. JPMorgan Chase & Co. bought a new position in Nano Nuclear Energy during the 3rd quarter valued at about $25,000. New York State Common Retirement Fund acquired a new position in shares of Nano Nuclear Energy in the 4th quarter worth approximately $30,000. IFP Advisors Inc grew its position in Nano Nuclear Energy by 638.5% during the 4th quarter. IFP Advisors Inc now owns 1,477 shares of the company’s stock worth $37,000 after acquiring an additional 1,277 shares during the last quarter. Barclays PLC acquired a new stake in Nano Nuclear Energy during the 3rd quarter valued at $76,000. Finally, Rothschild Investment LLC bought a new position in Nano Nuclear Energy in the 4th quarter valued at $85,000.

Nano Nuclear Energy Stock Down 3.7 %

Shares of NNE stock opened at $28.25 on Friday. Nano Nuclear Energy Inc. has a 12-month low of $3.25 and a 12-month high of $48.05. The firm has a fifty day moving average of $31.64 and a 200-day moving average of $24.98. The firm has a market capitalization of $1.05 billion and a price-to-earnings ratio of -68.90.

Nano Nuclear Energy (NASDAQ:NNE) last announced its earnings results on Thursday, February 13th. The company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.09. Research analysts expect that Nano Nuclear Energy Inc. will post -0.92 earnings per share for the current year.

Analyst Ratings Changes

Separately, HC Wainwright reiterated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research report on Wednesday, January 29th.

Nano Nuclear Energy Profile

NANO Nuclear Energy, Inc is a microreactor and nuclear technology company, which provides supply energy services. Its products in technical development are ZEUS, a solid core battery reactor, and ODIN, a low-pressure coolant reactor. The company is founded by Jiang Yu in February, 2022 and is headquartered in New York, NY.