NexGen Energy Target of Unusually Large Options Trading (NYSE:NXE)

NexGen Energy Ltd. (NYSE:NXE) was the recipient of some unusual options trading on Monday. Stock investors bought 46,728 put options on the company. This is an increase of approximately 405% compared to the typical daily volume of 9,254 put options.

NexGen Energy Stock Performance

NexGen Energy stock opened at $6.09 on Tuesday. The firm’s fifty day moving average price is $7.50 and its 200-day moving average price is $6.89. NexGen Energy has a fifty-two week low of $4.95 and a fifty-two week high of $8.96. The stock has a market cap of $3.46 billion, a P/E ratio of 40.57 and a beta of 1.96.

NexGen Energy (NYSE:NXE) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). During the same quarter in the previous year, the company earned ($0.04) earnings per share. On average, analysts predict that NexGen Energy will post -0.05 earnings per share for the current year.

Hedge Funds Weigh In On NexGen Energy

A number of hedge funds have recently modified their holdings of NXE. Bank of Montreal Can raised its holdings in shares of NexGen Energy by 20.8% during the second quarter. Bank of Montreal Can now owns 1,807,849 shares of the company’s stock valued at $12,946,000 after acquiring an additional 311,091 shares in the last quarter. Toronto Dominion Bank raised its holdings in NexGen Energy by 24.6% in the 2nd quarter. Toronto Dominion Bank now owns 21,980 shares of the company’s stock worth $153,000 after purchasing an additional 4,338 shares in the last quarter. Millennium Management LLC lifted its position in shares of NexGen Energy by 109.6% in the 2nd quarter. Millennium Management LLC now owns 1,641,407 shares of the company’s stock worth $11,441,000 after purchasing an additional 858,471 shares during the period. Mackenzie Financial Corp lifted its position in shares of NexGen Energy by 411.2% in the 2nd quarter. Mackenzie Financial Corp now owns 1,530,574 shares of the company’s stock worth $10,675,000 after purchasing an additional 1,231,144 shares during the period. Finally, Kapitalo Investimentos Ltda bought a new stake in shares of NexGen Energy during the 3rd quarter valued at about $6,585,000. Hedge funds and other institutional investors own 42.43% of the company’s stock.

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.