Allspring Global Investments Holdings LLC Acquires New Holdings in Cameco Co. (NYSE:CCJ)

Allspring Global Investments Holdings LLC 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 Securities & Exchange Commission. The institutional investor acquired 89,134 shares of the basic materials company's stock, valued at approximately $4,647,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Cameco by 68.8% in the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company's stock worth $77,000 after purchasing an additional 642 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in Cameco by 1.9% during the third quarter. Sequoia Financial Advisors LLC now owns 75,520 shares of the basic materials company's stock valued at $3,607,000 after buying an additional 1,444 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Cameco by 8.3% in the third quarter. Private Advisor Group LLC now owns 65,251 shares of the basic materials company's stock worth $3,117,000 after acquiring an additional 5,011 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cameco in the third quarter worth $95,830,000. Finally, Riverwater Partners LLC bought a new position in shares of Cameco during the third quarter valued at $350,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Down 6.4 %

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

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 4.15% and a return on equity of 3.33%. On average, analysts expect that Cameco Co. will post 0.42 EPS for the current fiscal 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.