Virtu Financial LLC Makes New Investment in Cameco Co. (NYSE:CCJ)

Virtu Financial LLC acquired a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 20,834 shares of the basic materials company's stock, valued at approximately $1,071,000.

A number of other hedge funds also recently bought and sold shares of CCJ. Sciencast Management LP purchased a new position in shares of Cameco during the 4th quarter worth about $2,939,000. Northwest & Ethical Investments L.P. grew its stake in shares of Cameco by 6.7% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 28,333 shares of the basic materials company's stock valued at $1,454,000 after buying an additional 1,776 shares during the last quarter. Lingohr Asset Management GmbH purchased a new stake in shares of Cameco in the fourth quarter worth approximately $256,000. Chesapeake Capital Corp IL bought a new stake in shares of Cameco during the 4th quarter worth approximately $430,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Cameco by 17.7% during the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 143,423 shares of the basic materials company's stock valued at $7,371,000 after acquiring an additional 21,542 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Down 2.7 %

Shares of Cameco stock traded down $1.25 on Tuesday, reaching $44.49. The stock had a trading volume of 1,980,712 shares, compared to its average volume of 4,089,585. The company has a 50 day moving average price of $46.97 and a 200 day moving average price of $50.23. The stock has a market capitalization of $19.37 billion, a P/E ratio of 158.96 and a beta of 1.04. 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 Co. has a 1 year low of $35.43 and a 1 year high of $62.55.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, equities research analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of several research analyst reports. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. Finally, Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. One 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $73.64.

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.