Tanaka Capital Management Inc. lessened its holdings in NexGen Energy Ltd (NYSEAMERICAN:NXE) by 26.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,166,507 shares of the company’s stock after selling 414,510 shares during the quarter. NexGen Energy accounts for approximately 5.6% of Tanaka Capital Management Inc.’s holdings, making the stock its 5th largest holding. Tanaka Capital Management Inc. owned 0.33% of NexGen Energy worth $1,831,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Toronto Dominion Bank lifted its holdings in shares of NexGen Energy by 17.4% during the first quarter. Toronto Dominion Bank now owns 175,295 shares of the company’s stock worth $283,000 after purchasing an additional 25,958 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of NexGen Energy during the first quarter worth about $1,208,000. State of Tennessee Treasury Department lifted its holdings in shares of NexGen Energy by 33.9% during the first quarter. State of Tennessee Treasury Department now owns 4,080,859 shares of the company’s stock worth $6,598,000 after purchasing an additional 1,032,943 shares during the period. Dudley & Shanley Inc. lifted its holdings in shares of NexGen Energy by 1.1% during the second quarter. Dudley & Shanley Inc. now owns 1,102,500 shares of the company’s stock worth $1,721,000 after purchasing an additional 11,500 shares during the period. Finally, Exane Derivatives lifted its holdings in shares of NexGen Energy by 28.4% during the second quarter. Exane Derivatives now owns 285,000 shares of the company’s stock worth $444,000 after purchasing an additional 63,000 shares during the period.
NXE stock traded up $0.11 during trading on Friday, hitting $1.36. 878,568 shares of the company traded hands, compared to its average volume of 359,256. NexGen Energy Ltd has a 1 year low of $1.10 and a 1 year high of $2.53.
Separately, Zacks Investment Research raised NexGen Energy from a “hold” rating to a “buy” rating and set a $2.00 target price for the company in a report on Thursday, July 18th.
About NexGen Energy
NexGen Energy Ltd., an exploration stage company, engages in the acquisition, exploration, and evaluation of uranium properties in Canada. Its principal property is the Rook I project that consists of 32 contiguous mineral claims covering 35,065 hectares located in the southwest Athabasca Basin, Saskatchewan.
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