Assenagon Asset Management S.A. Acquires 3,899 Shares of Cameco Co. (NYSE:CCJ)

Assenagon Asset Management S.A. raised its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 22.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,497 shares of the basic materials company’s stock after acquiring an additional 3,899 shares during the period. Assenagon Asset Management S.A.’s holdings in Cameco were worth $1,027,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA acquired a new position in Cameco during the second quarter valued at approximately $73,125,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Cameco during the first quarter worth $31,131,000. King Luther Capital Management Corp acquired a new position in shares of Cameco during the second quarter worth $32,740,000. The Manufacturers Life Insurance Company increased its holdings in shares of Cameco by 28.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,987,526 shares of the basic materials company’s stock worth $97,653,000 after buying an additional 437,921 shares in the last quarter. Finally, Fred Alger Management LLC increased its holdings in shares of Cameco by 106.2% during the second quarter. Fred Alger Management LLC now owns 841,182 shares of the basic materials company’s stock worth $41,386,000 after buying an additional 433,234 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 0.5 %

Cameco stock opened at $52.50 on Friday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The firm has a 50 day moving average price of $47.19 and a 200-day moving average price of $48.05. The company has a market capitalization of $22.85 billion, a P/E ratio of 122.09 and a beta of 0.90. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data 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). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The business had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. During the same period last year, the business posted ($0.01) earnings per share. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. As a group, equities analysts predict that Cameco Co. will post 0.83 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CCJ. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research note on Friday, October 4th. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Glj Research restated a “buy” rating and issued a $63.73 target price on shares of Cameco in a report on Wednesday, August 14th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. Finally, Scotiabank decreased their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $66.56.

Cameco Company 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.