Cameco Sees Unusually Large Options Volume (NYSE:CCJ)

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Trading Down 6.4 %

CCJ opened at $43.56 on Friday. Cameco has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a 50-day simple moving average of $51.00 and a 200 day simple moving average of $49.62. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $18.96 billion, a price-to-earnings ratio of 229.25 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Analysts predict that Cameco will post 0.42 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Glenmede Trust Co. NA lifted its holdings in shares of Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 191 shares during the last quarter. S.A. Mason LLC lifted its holdings in shares of Cameco by 6.0% in the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock worth $175,000 after acquiring an additional 206 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 226 shares during the last quarter. Two Sigma Investments LP increased its stake in shares of Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after buying an additional 238 shares during the period. Finally, Heritage Wealth Management Inc. increased its stake in shares of Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after buying an additional 250 shares during the period. Institutional investors own 70.21% of the company’s stock.

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.