X-Energy, Inc. $XE Stock Bought by Two Seas Capital LP

by · The Markets Daily

Two Seas Capital LP lifted its stake in shares of X-Energy, Inc. (NASDAQ:XE – Free Report) by 39.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,394,413 shares of the company’s stock after acquiring an additional 394,413 shares during the quarter. X-Energy makes up approximately 0.2% of Two Seas Capital LP’s holdings, making the stock its 27th biggest holding. Two Seas Capital LP’s holdings in X-Energy were worth $19,773,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Eastern Bank bought a new position in X-Energy in the third quarter worth approximately $28,000. IFP Advisors Inc bought a new stake in X-Energy during the 2nd quarter valued at $95,000. Silicon Valley Capital Partners purchased a new stake in shares of X-Energy in the 2nd quarter worth $103,000. Formula Growth Ltd. purchased a new stake in shares of X-Energy in the 2nd quarter worth $174,000. Finally, AXQ Capital LP bought a new position in shares of X-Energy during the 2nd quarter worth $188,000.

X-Energy Stock Performance

Shares of XE stock traded up $1.04 during mid-day trading on Tuesday, hitting $15.45. 11,162,570 shares of the stock traded hands, compared to its average volume of 5,951,953. X-Energy, Inc. has a 52-week low of $13.29 and a 52-week high of $37.10. The stock has a market capitalization of $6.28 billion and a PE ratio of -103.00. The stock’s fifty day moving average price is $17.48.

X-Energy (NASDAQ:XE – Get Free Report) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $54.60 million for the quarter. The business’s quarterly revenue was up 154.0% on a year-over-year basis. As a group, sell-side analysts expect that X-Energy, Inc. will post -0.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on XE. Texas Capital upgraded X-Energy to a “strong-buy” rating in a report on Monday, September 14th. UBS Group reduced their price target on shares of X-Energy from $40.00 to $34.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Piper Sandler began coverage on shares of X-Energy in a research report on Tuesday, September 8th. They issued an “underweight” rating and a $9.00 price target for the company. Jefferies Financial Group reissued a “hold” rating and set a $22.00 price objective on shares of X-Energy in a report on Wednesday, June 24th. Finally, Wall Street Zen lowered X-Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.25.

Read Our Latest Stock Analysis on XE

About X-Energy

(Free Report)

X-energy is an advanced nuclear energy company developing small modular reactors and the specialized fuel needed to operate them. Its flagship Xe-100 reactor is a high-temperature gas-cooled reactor designed to provide reliable, carbon-free electricity and high-temperature process heat for utilities, industrial facilities and other energy users.

The company also develops TRISO-X fuel, a form of accident-tolerant nuclear fuel made with coated fuel particles designed to retain radioactive materials at high temperatures.

See Also

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