Geode Capital Management LLC Acquires New Shares in Nano Nuclear Energy Inc. (NASDAQ:NNE)

Geode Capital Management LLC acquired a new stake in shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 66,224 shares of the company’s stock, valued at approximately $954,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC bought a new position in Nano Nuclear Energy in the 3rd quarter worth about $76,000. Commonwealth Equity Services LLC bought a new position in Nano Nuclear Energy in the 2nd quarter worth about $250,000. XTX Topco Ltd bought a new position in Nano Nuclear Energy in the 3rd quarter worth about $305,000. State Street Corp bought a new position in Nano Nuclear Energy in the 3rd quarter worth about $718,000. Finally, Citizens Financial Group Inc. RI bought a new position in Nano Nuclear Energy in the 2nd quarter worth about $2,016,000.

Nano Nuclear Energy Trading Down 4.4 %

NNE opened at $25.66 on Friday. The stock has a 50-day moving average price of $25.30 and a 200-day moving average price of $19.12. Nano Nuclear Energy Inc. has a 12-month low of $3.25 and a 12-month high of $37.51.

Nano Nuclear Energy (NASDAQ:NNE) last posted its quarterly earnings data on Monday, December 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. On average, research analysts anticipate that Nano Nuclear Energy Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NNE shares. Benchmark upped their target price on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HC Wainwright restated a “buy” rating and issued a $50.00 target price on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.