Acadian Asset Management LLC Raises Holdings in Cameco Co. (NYSE:CCJ)

Acadian Asset Management LLC lifted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 41.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,200 shares of the basic materials company’s stock after buying an additional 24,000 shares during the quarter. Acadian Asset Management LLC’s holdings in Cameco were worth $4,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp boosted its position in shares of Cameco by 40.0% during the 4th quarter. M&T Bank Corp now owns 8,016 shares of the basic materials company’s stock worth $345,000 after purchasing an additional 2,290 shares in the last quarter. Principal Securities Inc. purchased a new stake in Cameco during the fourth quarter worth about $29,000. Dimensional Fund Advisors LP boosted its holdings in Cameco by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 504,348 shares of the basic materials company’s stock worth $21,737,000 after buying an additional 1,857 shares in the last quarter. Principal Financial Group Inc. purchased a new position in Cameco in the fourth quarter valued at about $685,000. Finally, Avantax Advisory Services Inc. increased its holdings in Cameco by 30.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 28,004 shares of the basic materials company’s stock valued at $1,207,000 after buying an additional 6,509 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 1.8 %

Cameco stock opened at $40.71 on Friday. The stock has a 50-day moving average price of $42.98 and a 200 day moving average price of $46.47. Cameco Co. has a 52 week low of $35.18 and a 52 week high of $56.24. The stock has a market cap of $17.72 billion, a PE ratio of 104.38 and a beta of 0.90. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. During the same quarter last year, the firm earned ($0.01) earnings per share. The business’s quarterly revenue was up 24.1% compared to the same quarter last year. Equities research analysts predict that Cameco Co. will post 0.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of research reports. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Bank of America upped their target price on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. National Bank Financial raised Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Glj Research reissued a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. Finally, The Goldman Sachs Group lifted their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. One analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average 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.