Natixis Advisors LLC lifted its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 25.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,765 shares of the basic materials company's stock after acquiring an additional 22,949 shares during the period. Natixis Advisors LLC's holdings in Cameco were worth $5,846,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. AGF Management Ltd. increased its holdings in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. Segra Capital Management LLC acquired a new stake in shares of Cameco in the third quarter valued at about $53,013,000. Fred Alger Management LLC raised its holdings in shares of Cameco by 99.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company's stock valued at $80,249,000 after buying an additional 839,077 shares during the period. Raymond James Financial Inc. acquired a new position in Cameco during the 4th quarter worth approximately $34,440,000. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company's stock worth $102,737,000 after acquiring an additional 664,828 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Stock Down 2.8 %
Shares of CCJ stock traded down $1.25 during trading hours on Wednesday, hitting $43.24. 2,623,255 shares of the company were exchanged, compared to its average volume of 4,079,707. The stock has a market capitalization of $18.82 billion, a price-to-earnings ratio of 154.41 and a beta of 1.04. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The business's 50-day simple moving average is $46.88 and its two-hundred day simple moving average is $50.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Sell-side analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $73.64.
Check Out Our Latest Analysis on CCJ
Cameco Company Profile
(
Free Report)
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.
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