Chesapeake Capital Corp IL Takes $217,000 Position in NexGen Energy Ltd. (NYSE:NXE)

Chesapeake Capital Corp IL acquired a new stake in NexGen Energy Ltd. (NYSE:NXE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 32,850 shares of the company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also made changes to their positions in NXE. The Manufacturers Life Insurance Company raised its holdings in NexGen Energy by 792.0% in the third quarter. The Manufacturers Life Insurance Company now owns 7,115,250 shares of the company’s stock valued at $46,434,000 after acquiring an additional 6,317,538 shares in the last quarter. Van ECK Associates Corp raised its holdings in NexGen Energy by 79.7% in the fourth quarter. Van ECK Associates Corp now owns 8,481,026 shares of the company’s stock valued at $55,971,000 after acquiring an additional 3,762,756 shares in the last quarter. Mountaineer Partners Management LLC raised its holdings in NexGen Energy by 536.6% in the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock valued at $24,071,000 after acquiring an additional 3,107,214 shares in the last quarter. Segra Capital Management LLC raised its holdings 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 in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in NexGen Energy by 954.8% in the fourth quarter. Bank of New York Mellon Corp now owns 1,876,558 shares of the company’s stock valued at $12,385,000 after acquiring an additional 1,698,649 shares in the last quarter. Hedge funds and other institutional investors own 42.43% of the company’s stock.

NexGen Energy Trading Down 0.1 %

NXE stock opened at $4.82 on Wednesday. NexGen Energy Ltd. has a twelve month low of $4.44 and a twelve month high of $8.96. The company’s 50 day moving average is $6.03 and its two-hundred day moving average is $6.76. The stock has a market cap of $2.74 billion, a P/E ratio of 32.10 and a beta of 1.97.

Analyst Ratings Changes

Several brokerages recently weighed in on NXE. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Stifel Nicolaus initiated coverage on shares of NexGen Energy in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Finally, Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Two analysts have rated the stock with a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Strong Buy”.

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.