Sprott Inc. Has $2.58 Million Holdings in NexGen Energy Ltd. (NYSE:NXE)

Sprott Inc. decreased its position in shares of NexGen Energy Ltd. (NYSE:NXE) by 27.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 390,498 shares of the company’s stock after selling 150,783 shares during the quarter. Sprott Inc. owned about 0.07% of NexGen Energy worth $2,577,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in NexGen Energy by 792.0% during the third 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 during the last quarter. Van ECK Associates Corp grew its holdings in NexGen Energy by 79.7% during the 4th quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock worth $55,971,000 after acquiring an additional 3,762,756 shares during the period. Mountaineer Partners Management LLC raised its position in shares of NexGen Energy by 536.6% in the 3rd quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after acquiring an additional 3,107,214 shares in the last quarter. Segra Capital Management LLC lifted its stake in shares of NexGen Energy by 19.8% in the 3rd quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock valued at $76,217,000 after purchasing an additional 1,931,200 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of NexGen Energy by 954.8% during the 4th quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock valued at $12,385,000 after purchasing an additional 1,698,649 shares in the last quarter. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Price Performance

NYSE NXE opened at $5.35 on Wednesday. The stock has a market capitalization of $3.05 billion, a P/E ratio of 35.68 and a beta of 1.94. The business has a 50 day simple moving average of $6.65 and a 200 day simple moving average of $6.88. NexGen Energy Ltd. has a one year low of $4.95 and a one year high of $8.96.

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.