Investors Purchase High Volume of Cameco Put Options (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw some unusual options trading on Thursday. Investors acquired 28,210 put options on the company. This is an increase of approximately 942% compared to the typical daily volume of 2,706 put options.

Cameco Stock Down 3.3 %

Cameco stock opened at $48.68 on Friday. The stock’s 50 day moving average price is $53.25 and its 200 day moving average price is $49.35. The company has a market cap of $21.19 billion, a PE ratio of 256.24 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. On average, sell-side analysts predict that Cameco will post 0.47 EPS for the current fiscal year.

Institutional Trading of Cameco

A number of institutional investors have recently added to or reduced their stakes in CCJ. Glenmede Trust Co. NA raised its stake in shares of Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after buying an additional 191 shares during the last quarter. S.A. Mason LLC increased its holdings in Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after acquiring an additional 206 shares in the last quarter. EdgeRock Capital LLC lifted its holdings in shares of Cameco by 1.7% in the third quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company’s stock valued at $654,000 after purchasing an additional 224 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 238 shares during the last quarter. Finally, Heritage Wealth Management Inc. increased its stake in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

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.