Mountain Lake Investment Management LLC Has $1.94 Million Stock Position in NexGen Energy Ltd. (NYSE:NXE)

Mountain Lake Investment Management LLC lowered its stake in NexGen Energy Ltd. (NYSE:NXE) by 69.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 294,244 shares of the company’s stock after selling 655,756 shares during the period. NexGen Energy accounts for 2.2% of Mountain Lake Investment Management LLC’s holdings, making the stock its 12th largest holding. Mountain Lake Investment Management LLC’s holdings in NexGen Energy were worth $1,942,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Segra Capital Management LLC boosted its position 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 buying an additional 1,931,200 shares in the last quarter. Van ECK Associates Corp boosted its position 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 buying an additional 3,762,756 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position 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 buying an additional 6,317,538 shares in the last quarter. Mountaineer Partners Management LLC lifted its holdings in shares of NexGen Energy by 536.6% during the third quarter. Mountaineer Partners Management LLC now owns 3,686,231 shares of the company’s stock worth $24,071,000 after purchasing an additional 3,107,214 shares during the period. Finally, Philadelphia Financial Management of San Francisco LLC lifted its holdings in shares of NexGen Energy by 18.0% during the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 3,022,615 shares of the company’s stock worth $19,738,000 after purchasing an additional 461,185 shares during the period. Institutional investors and hedge funds own 42.43% of the company’s stock.

NexGen Energy Stock Performance

Shares of NYSE:NXE opened at $6.07 on Friday. The firm has a market cap of $3.45 billion, a PE ratio of 40.44 and a beta of 1.94. The firm’s fifty day moving average is $6.92 and its 200-day moving average is $6.86. NexGen Energy Ltd. has a 52 week low of $4.95 and a 52 week high of $8.96.

NexGen Energy 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.