Trexquant Investment LP acquired a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 16,003 shares of the basic materials company's stock, valued at approximately $822,000.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after purchasing an additional 270,102 shares during the period. Alliancebernstein L.P. increased its position in Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Norges Bank purchased a new position in shares of Cameco during the 4th quarter valued at $188,595,000. AGF Management Ltd. lifted its position in shares of Cameco by 54.2% during 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 buying an additional 1,193,266 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Cameco by 35.9% during the 4th quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company's stock worth $133,151,000 after acquiring an additional 685,145 shares during the period. Institutional investors own 70.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on CCJ shares. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating on the stock. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Finally, Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. One 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $70.03.
View Our Latest Report on CCJ
Cameco Price Performance
Shares of CCJ stock traded up $0.24 on Tuesday, reaching $41.55. The company's stock had a trading volume of 611,517 shares, compared to its average volume of 4,435,517. The company has a market capitalization of $18.09 billion, a P/E ratio of 148.34 and a beta of 1.04. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The stock's 50 day simple moving average is $43.36 and its 200-day simple moving average is $49.97. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. As a group, equities analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.
About Cameco
(
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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