NumerixS Investment Technologies Inc lifted its holdings in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 9,400.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,500 shares of the basic materials company’s stock after purchasing an additional 9,400 shares during the period. NumerixS Investment Technologies Inc’s holdings in Cameco were worth $106,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Cameco during the 4th quarter worth approximately $57,695,000. Mackenzie Financial Corp acquired a new position in Cameco during the 4th quarter worth approximately $17,365,000. Vaughan Nelson Investment Management L.P. grew its holdings in Cameco by 19.3% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 7,548,919 shares of the basic materials company’s stock worth $86,059,000 after acquiring an additional 1,221,880 shares in the last quarter. Jupiter Asset Management Ltd. grew its holdings in Cameco by 23.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 2,650,913 shares of the basic materials company’s stock worth $30,194,000 after acquiring an additional 504,000 shares in the last quarter. Finally, Korea Investment CORP grew its holdings in Cameco by 173.2% during the 3rd quarter. Korea Investment CORP now owns 760,057 shares of the basic materials company’s stock worth $8,661,000 after acquiring an additional 481,900 shares in the last quarter. Hedge funds and other institutional investors own 52.83% of the company’s stock.
CCJ has been the subject of several analyst reports. Zacks Investment Research cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Monday, February 18th. Bank of America upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Cameco presently has a consensus rating of “Hold” and an average price target of $15.33.
Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Friday, February 8th. The basic materials company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.20. The business had revenue of $628.85 million during the quarter. Cameco had a net margin of 7.91% and a return on equity of 4.23%. On average, equities research analysts forecast that Cameco Corp will post -0.03 EPS for the current year.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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