Bosun Asset Management LLC Has $1.72 Million Stake in Cameco Co. (NYSE:CCJ)

Bosun Asset Management LLC raised its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 26.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,457 shares of the basic materials company's stock after purchasing an additional 6,919 shares during the period. Bosun Asset Management LLC's holdings in Cameco were worth $1,719,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Cameco in the fourth quarter valued at about $25,000. Hurley Capital LLC acquired a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Cameco during the fourth quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Analyst Ratings Changes

CCJ has been the topic of a number of recent research reports. Desjardins began coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Monday. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus initiated coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Cameco has an average rating of "Buy" and a consensus price target of $70.03.

Cameco Price Performance

Shares of NYSE CCJ traded up $1.52 during mid-day trading on Friday, hitting $50.76. 5,164,521 shares of the stock traded hands, compared to its average volume of 4,079,502. The company has a market cap of $22.10 billion, a PE ratio of 181.29 and a beta of 0.89. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a 50 day simple moving average of $42.56 and a two-hundred day simple moving average of $49.01.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 earnings per share. As a group, equities research analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.