WINTON GROUP Ltd Acquires Shares of 89,575 X-Energy, Inc. $XE

WINTON GROUP Ltd bought a new position in shares of X-Energy, Inc. (NASDAQ:XE) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 89,575 shares of the company’s stock, valued at approximately $1,645,000.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp acquired a new stake in X-Energy during the 2nd quarter worth $1,251,000. Public Employees Retirement System of Ohio acquired a new position in X-Energy in the second quarter valued at $221,000. Formula Growth Ltd. purchased a new stake in shares of X-Energy in the second quarter valued at about $174,000. Wellington Management Group LLP acquired a new stake in shares of X-Energy during the second quarter worth about $15,011,000. Finally, AXQ Capital LP purchased a new position in shares of X-Energy during the second quarter worth about $188,000.

X-Energy Stock Down 5.7%

NASDAQ XE opened at $14.93 on Friday. The company has a 50 day moving average price of $17.67. The stock has a market cap of $6.07 billion and a P/E ratio of -99.53. X-Energy, Inc. has a 1-year low of $13.29 and a 1-year high of $37.10.

X-Energy (NASDAQ:XE) last posted its earnings results on Thursday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). The business had revenue of $54.60 million during the quarter. The company’s revenue was up 154.0% on a year-over-year basis. Equities research analysts anticipate that X-Energy, Inc. will post -0.67 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on XE. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $38.00 price objective on shares of X-Energy in a research report on Friday, August 14th. Zacks Research raised shares of X-Energy to a “hold” rating in a research note on Wednesday, May 20th. Piper Sandler initiated coverage on shares of X-Energy in a report on Tuesday. They issued an “underweight” rating and a $9.00 target price on the stock. Morgan Stanley assumed coverage on X-Energy in a report on Tuesday, May 19th. They issued an “overweight” rating and a $41.00 price objective on the stock. Finally, Guggenheim reissued a “buy” rating and set a $57.00 target price on shares of X-Energy in a research note on Tuesday, September 8th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $34.25.

X-Energy Profile

X-Energy, Inc (NASDAQ:XE) is an advanced nuclear energy company developing modular reactors and fuel systems designed to provide reliable, low-carbon electricity and industrial heat. Its primary technology is the Xe-100, a high-temperature gas-cooled small modular reactor intended for applications including grid power, industrial operations and data centers.

The company also develops and manufactures TRISO-X nuclear fuel, a coated particle fuel designed for use in high-temperature reactors.