O Neil Global Advisors Inc. Purchases New Shares in Cameco Co. (NYSE:CCJ)

O Neil Global Advisors Inc. acquired a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 43,260 shares of the basic materials company's stock, valued at approximately $2,223,000. Cameco accounts for approximately 0.6% of O Neil Global Advisors Inc.'s portfolio, making the stock its 13th biggest position.

Several other institutional investors also recently modified their holdings of the company. Cassaday & Co Wealth Management LLC bought a new position in Cameco in the fourth quarter worth $206,000. Sunpointe LLC raised its stake in shares of Cameco by 6.3% in the 4th quarter. Sunpointe LLC now owns 15,993 shares of the basic materials company's stock valued at $822,000 after buying an additional 950 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Cameco by 92.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,931 shares of the basic materials company's stock worth $99,000 after acquiring an additional 929 shares during the period. Truist Financial Corp boosted its position in shares of Cameco by 8.3% during the 4th quarter. Truist Financial Corp now owns 28,111 shares of the basic materials company's stock valued at $1,445,000 after acquiring an additional 2,153 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in Cameco in the fourth quarter valued at about $216,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

CCJ traded down $2.99 during midday trading on Friday, reaching $43.56. 7,343,768 shares of the company's stock were exchanged, compared to its average volume of 4,686,063. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $51.00 and a two-hundred day simple moving average of $49.62. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 229.25 and a beta of 0.94. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. As a group, research analysts predict that Cameco Co. will post 0.42 EPS for the current year.

Cameco Company Profile

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.