Headlands Technologies LLC Has $174,000 Position in Cameco Co. (NYSE:CCJ)

Headlands Technologies LLC lowered its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 52.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,533 shares of the basic materials company’s stock after selling 3,951 shares during the period. Headlands Technologies LLC’s holdings in Cameco were worth $174,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new position in Cameco in the first quarter worth approximately $26,000. Principal Securities Inc. acquired a new position in Cameco in the fourth quarter worth approximately $29,000. Lindbrook Capital LLC grew its holdings in Cameco by 26.0% during the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 221 shares during the last quarter. Larson Financial Group LLC raised its position in shares of Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after purchasing an additional 600 shares during the period. Finally, Crewe Advisors LLC bought a new position in shares of Cameco in the first quarter valued at approximately $87,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 1.0 %

Shares of CCJ stock opened at $40.33 on Friday. Cameco Co. has a 1 year low of $35.18 and a 1 year high of $56.24. The firm’s fifty day simple moving average is $42.79 and its 200 day simple moving average is $46.50. The firm has a market capitalization of $17.55 billion, a P/E ratio of 103.41 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 announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (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 company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. During the same period last year, the firm posted ($0.01) EPS. The company’s revenue was up 24.1% compared to the same quarter last year. As a group, sell-side analysts predict that Cameco Co. will post 0.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Bank of America lifted 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. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank dropped their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. One equities research 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 data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $67.25.

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.