41,992 Shares in Cameco Co. (NYSE:CCJ) Acquired by Beck Bode LLC

Beck Bode LLC bought a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, Holdings Channel.com reports. The fund bought 41,992 shares of the basic materials company’s stock, valued at approximately $1,810,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CCJ. FMR LLC boosted its position in Cameco by 21.6% during the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after acquiring an additional 4,865,085 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Cameco by 74.3% during the 3rd 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 position in Cameco by 156.3% during the 3rd 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. bought a new stake in Cameco during the 4th quarter valued at $61,245,000. Finally, Lord Abbett & CO. LLC bought a new stake in Cameco during the 3rd quarter valued at $46,585,000. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several recent research reports. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $62.75.

Cameco Stock Performance

CCJ stock traded down $3.80 during midday trading on Tuesday, reaching $45.62. The stock had a trading volume of 8,837,605 shares, compared to its average volume of 5,095,704. The stock has a market cap of $19.81 billion, a PE ratio of 76.03 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The firm has a fifty day simple moving average of $44.65 and a two-hundred day simple moving average of $44.18. Cameco Co. has a 52-week low of $26.15 and a 52-week high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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 firm had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. As a group, equities research analysts anticipate that Cameco Co. will post 1.54 EPS for the current year.

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.