Susquehanna Fundamental Investments LLC Has $5.32 Million Stock Position in Cameco Co. (NYSE:CCJ)

Susquehanna Fundamental Investments LLC boosted its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1,489.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 108,100 shares of the basic materials company's stock after purchasing an additional 101,300 shares during the quarter. Susquehanna Fundamental Investments LLC's holdings in Cameco were worth $5,319,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCJ. Lloyd Harbor Capital Management LLC raised its stake in Cameco by 120.6% during the second quarter. Lloyd Harbor Capital Management LLC now owns 441,209 shares of the basic materials company's stock valued at $21,707,000 after buying an additional 241,209 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Cameco by 3.3% in the 2nd quarter. Mackenzie Financial Corp now owns 1,347,328 shares of the basic materials company's stock worth $66,298,000 after purchasing an additional 43,126 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Cameco by 28.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,987,526 shares of the basic materials company's stock worth $97,653,000 after buying an additional 437,921 shares in the last quarter. Fred Alger Management LLC increased its position in shares of Cameco by 106.2% during the 2nd quarter. Fred Alger Management LLC now owns 841,182 shares of the basic materials company's stock valued at $41,386,000 after purchasing an additional 433,234 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Cameco by 185.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 60,765 shares of the basic materials company's stock worth $2,990,000 after purchasing an additional 39,471 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Price Performance

Shares of NYSE CCJ traded down $0.21 on Monday, hitting $47.77. The company's stock had a trading volume of 2,311,363 shares, compared to its average volume of 4,356,829. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. Cameco Co. has a 12-month low of $35.18 and a 12-month high of $56.24. The stock has a 50 day moving average of $41.61 and a 200-day moving average of $46.75. The company has a market capitalization of $20.79 billion, a price-to-earnings ratio of 122.41 and a beta of 0.90.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.14). The firm had revenue of $598.00 million for the quarter, compared to analysts' expectations of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. Cameco's revenue was up 24.1% on a year-over-year basis. During the same period last year, the firm posted ($0.01) EPS. As a group, research analysts predict that Cameco Co. will post 0.91 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research analyst reports. Cantor Fitzgerald raised Cameco from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 31st. Bank of America raised their target price on shares of Cameco from $59.00 to $60.50 and gave the stock a "buy" rating in a research report on Wednesday, June 26th. National Bank Financial upgraded Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. The Goldman Sachs Group upped their target price on Cameco from $56.00 to $62.00 and gave the stock a "buy" rating in a report on Friday, June 7th. Finally, Scotiabank dropped their price objective on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Cameco presently has an average rating of "Buy" and a consensus target price of $67.25.

Cameco 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.