CIBC Asset Management Inc Reduces Holdings in NexGen Energy Ltd. (NYSE:NXE)

CIBC Asset Management Inc trimmed its stake in NexGen Energy Ltd. (NYSE:NXE) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 807,839 shares of the company’s stock after selling 118,475 shares during the period. CIBC Asset Management Inc owned approximately 0.14% of NexGen Energy worth $5,316,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of NXE. Stanley Laman Group Ltd. grew its position in shares of NexGen Energy by 2.1% in the 3rd quarter. Stanley Laman Group Ltd. now owns 490,040 shares of the company’s stock valued at $3,200,000 after buying an additional 9,991 shares during the last quarter. Rye Brook Capital LLC boosted its stake in NexGen Energy by 18.7% during the 3rd quarter. Rye Brook Capital LLC now owns 695,000 shares of the company’s stock worth $4,538,000 after purchasing an additional 109,500 shares during the period. Legacy Capital Group California Inc. boosted its stake in NexGen Energy by 132.6% during the 3rd quarter. Legacy Capital Group California Inc. now owns 41,773 shares of the company’s stock worth $273,000 after purchasing an additional 23,812 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in NexGen Energy during the 3rd quarter worth $76,000. Finally, Van ECK Associates Corp boosted its stake in NexGen Energy by 50.5% during the 3rd quarter. Van ECK Associates Corp now owns 4,718,270 shares of the company’s stock worth $30,810,000 after purchasing an additional 1,582,705 shares during the period. 42.43% of the stock is owned by hedge funds and other institutional investors.

NexGen Energy Price Performance

Shares of NYSE:NXE opened at $5.92 on Thursday. The stock has a market cap of $3.37 billion, a P/E ratio of 39.44 and a beta of 1.94. The firm has a fifty day moving average price of $6.80 and a 200 day moving average price of $6.87. NexGen Energy Ltd. has a 1-year low of $4.95 and a 1-year high of $8.96.

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.