Headlands Technologies LLC Acquires 10,190 Shares of Cameco Co. (NYSE:CCJ)

Headlands Technologies LLC grew its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 308.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,492 shares of the basic materials company's stock after buying an additional 10,190 shares during the quarter. Headlands Technologies LLC's holdings in Cameco were worth $693,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CCJ. Vanguard Group Inc. raised its holdings in Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after buying an additional 270,102 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after acquiring an additional 1,196,336 shares in the last quarter. Norges Bank bought a new stake in Cameco during the fourth quarter worth approximately $188,595,000. AGF Management Ltd. grew its holdings in Cameco by 54.2% during the fourth 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 during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of Cameco by 35.9% in the fourth quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock worth $133,151,000 after buying an additional 685,145 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

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Cameco Price Performance

CCJ traded down $3.12 during midday trading on Friday, reaching $37.80. 9,417,889 shares of the company's stock were exchanged, compared to its average volume of 4,107,877. The business has a 50-day simple moving average of $45.02 and a two-hundred day simple moving average of $50.32. 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 firm has a market capitalization of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04. 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 issued its 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 net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. As a group, research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CCJ shares. Desjardins started coverage on shares of Cameco in a report on Friday. They issued a "buy" rating on the stock. Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $70.03.

About Cameco

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.