Grantham Mayo Van Otterloo & Co. LLC Sells 3,187,500 Shares of NexGen Energy Ltd. (NYSE:NXE)

Grantham Mayo Van Otterloo & Co. LLC lowered its holdings in NexGen Energy Ltd. (NYSE:NXE) by 32.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,595,459 shares of the company’s stock after selling 3,187,500 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in NexGen Energy were worth $43,474,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Azarias Capital Management L.P. grew its stake in shares of NexGen Energy by 15.3% in the 4th quarter. Azarias Capital Management L.P. now owns 2,038,627 shares of the company’s stock valued at $13,455,000 after purchasing an additional 271,153 shares during the period. Toronto Dominion Bank boosted its stake in NexGen Energy by 719.6% in the 3rd quarter. Toronto Dominion Bank now owns 180,140 shares of the company’s stock valued at $1,176,000 after buying an additional 158,160 shares in the last quarter. Barclays PLC grew its position in NexGen Energy by 328.3% in the third quarter. Barclays PLC now owns 187,861 shares of the company’s stock valued at $1,227,000 after acquiring an additional 143,996 shares during the period. Segra Capital Management LLC raised its stake in NexGen Energy by 19.8% during the third quarter. Segra Capital Management LLC now owns 11,671,758 shares of the company’s stock worth $76,217,000 after acquiring an additional 1,931,200 shares in the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of NexGen Energy during the third quarter valued at $4,915,000. Institutional investors and hedge funds own 42.43% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXE. Stifel Nicolaus started coverage on shares of NexGen Energy in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Stifel Canada raised shares of NexGen Energy to a “strong-buy” rating in a report on Tuesday, March 11th. Finally, Scotiabank reissued an “outperform” rating on shares of NexGen Energy in a report on Thursday, March 6th. Two equities research analysts have rated the stock with a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

NexGen Energy Stock Down 6.9 %

Shares of NYSE NXE opened at $4.18 on Friday. NexGen Energy Ltd. has a 12-month low of $4.04 and a 12-month high of $8.96. The firm’s 50-day simple moving average is $5.45 and its 200 day simple moving average is $6.67. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 27.87 and a beta of 2.02.

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.