NexGen Energy Ltd. (NYSE:NXE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in NexGen Energy Ltd. (NYSE:NXE) by 84.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,966,793 shares of the company’s stock after selling 10,798,598 shares during the period. JPMorgan Chase & Co. owned about 0.35% of NexGen Energy worth $12,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC raised its holdings in NexGen Energy by 122.7% in the third quarter. Larson Financial Group LLC now owns 10,575 shares of the company’s stock valued at $69,000 after acquiring an additional 5,827 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of NexGen Energy in the 3rd quarter valued at approximately $76,000. SevenBridge Financial Group LLC acquired a new stake in shares of NexGen Energy in the 3rd quarter valued at $87,000. New Harbor Financial Group LLC raised its holdings in shares of NexGen Energy by 20.0% in the 3rd quarter. New Harbor Financial Group LLC now owns 15,000 shares of the company’s stock valued at $98,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of NexGen Energy during the 3rd quarter worth $98,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Down 1.9 %

Shares of NXE stock opened at $6.79 on Friday. NexGen Energy Ltd. has a 12 month low of $4.95 and a 12 month high of $8.96. The company has a market cap of $3.84 billion, a P/E ratio of 45.27 and a beta of 1.96. The firm has a fifty day moving average price of $7.56 and a 200 day moving average price of $6.89.

NexGen Energy (NYSE:NXE) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01). During the same period last year, the business earned ($0.04) earnings per share. On average, equities analysts forecast that NexGen Energy Ltd. will post -0.05 EPS for the current year.

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.