Cameco Co. (NYSE:CCJ) Shares Bought by Signaturefd LLC

Signaturefd LLC raised its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,311 shares of the basic materials company’s stock after purchasing an additional 1,380 shares during the quarter. Signaturefd LLC’s holdings in Cameco were worth $315,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CCJ. FMR LLC increased its stake in Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after purchasing an additional 4,865,085 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cameco by 74.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after acquiring an additional 2,442,190 shares in the last quarter. Platinum Investment Management Ltd. boosted its holdings in shares of Cameco by 156.3% in the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after acquiring an additional 1,884,004 shares in the last quarter. Rheos Capital Works Inc. purchased a new stake in shares of Cameco in the fourth quarter valued at about $61,245,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of Cameco in the third quarter valued at about $46,585,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ opened at $49.31 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a market cap of $21.41 billion, a P/E ratio of 82.18 and a beta of 0.92. The company has a 50-day moving average of $44.43 and a two-hundred day moving average of $43.93. Cameco Co. has a 12-month low of $25.72 and a 12-month high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The business had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. As a group, research analysts predict that Cameco Co. will post 1.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CCJ. The Goldman Sachs Group began coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Cameco presently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

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.