8,782 Shares in Cameco Co. (NYSE:CCJ) Purchased by Choreo LLC

Choreo LLC bought a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 8,782 shares of the basic materials company’s stock, valued at approximately $440,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Cameco by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock worth $689,306,000 after buying an additional 200,871 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Cameco by 2.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock worth $593,967,000 after buying an additional 288,400 shares during the period. Capital World Investors increased its position in Cameco by 1.6% in the 1st quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after buying an additional 215,741 shares during the period. Price T Rowe Associates Inc. MD increased its position in Cameco by 3.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after buying an additional 202,157 shares during the period. Finally, Platinum Investment Management Ltd. increased its position in Cameco by 0.6% in the 1st quarter. Platinum Investment Management Ltd. now owns 3,092,417 shares of the basic materials company’s stock worth $133,971,000 after buying an additional 18,166 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ stock opened at $40.33 on Monday. The stock’s fifty day simple moving average is $42.79 and its 200 day simple moving average is $46.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The firm has a market cap of $17.55 billion, a price-to-earnings ratio of 103.41 and a beta of 0.90. Cameco Co. has a one year low of $35.18 and a one year high of $56.24.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on CCJ shares. Bank of America lifted their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Glj Research reissued a “buy” rating and set a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Finally, Scotiabank decreased their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus price target 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.