Duality Advisers LP Has $4.81 Million Stock Position in Cameco Co. (NYSE:CCJ)

Duality Advisers LP reduced its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,974 shares of the basic materials company’s stock after selling 18,325 shares during the quarter. Duality Advisers LP’s holdings in Cameco were worth $4,807,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. Morgan Stanley boosted its stake in shares of Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after purchasing an additional 428,310 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in Cameco by 2.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 114,755 shares of the basic materials company’s stock worth $4,574,000 after purchasing an additional 3,032 shares during the last quarter. Deutsche Bank AG lifted its position in Cameco by 3.0% during the 3rd quarter. Deutsche Bank AG now owns 625,305 shares of the basic materials company’s stock valued at $24,787,000 after purchasing an additional 18,506 shares during the period. Pantechnicon Advisors LLP boosted its stake in shares of Cameco by 30.6% in the 3rd quarter. Pantechnicon Advisors LLP now owns 405,000 shares of the basic materials company’s stock valued at $16,054,000 after purchasing an additional 95,000 shares during the last quarter. Finally, Phoenix Holdings Ltd. grew its position in shares of Cameco by 20.6% during the 3rd quarter. Phoenix Holdings Ltd. now owns 49,544 shares of the basic materials company’s stock worth $1,964,000 after buying an additional 8,448 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Stock Down 1.4 %

NYSE CCJ traded down $0.75 on Friday, reaching $52.97. The company had a trading volume of 1,397,777 shares, compared to its average volume of 4,375,573. The company’s fifty day moving average is $51.86 and its 200-day moving average is $47.39. The firm has a market capitalization of $23.05 billion, a price-to-earnings ratio of 137.64 and a beta of 0.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. Cameco Co. has a 1-year low of $31.18 and a 1-year high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). The firm had revenue of $470.29 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. On average, research analysts forecast that Cameco Co. will post 1.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CCJ shares. The Goldman Sachs Group raised their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Bank of America increased their price target on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, StockNews.com cut 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 issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.

About Cameco

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.