Janus Henderson Group PLC Grows Stock Holdings in Cameco Co. (NYSE:CCJ)

Janus Henderson Group PLC boosted its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 153.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,752 shares of the basic materials company's stock after purchasing an additional 123,855 shares during the quarter. Janus Henderson Group PLC's holdings in Cameco were worth $10,521,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Cameco by 1,138.1% during the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock valued at $12,774,000 after purchasing an additional 245,831 shares during the last quarter. Park Avenue Securities LLC increased its position in Cameco by 12.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,573 shares of the basic materials company's stock worth $286,000 after purchasing an additional 598 shares during the last quarter. First Pacific Financial acquired a new stake in Cameco in the fourth quarter valued at approximately $50,000. Avanza Fonder AB bought a new position in Cameco during the fourth quarter valued at about $2,292,000. Finally, TrueWealth Advisors LLC acquired a new stake in Cameco in the 4th quarter worth approximately $470,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of NYSE CCJ traded up $1.22 during mid-day trading on Tuesday, hitting $52.40. The company had a trading volume of 3,040,861 shares, compared to its average volume of 4,107,159. The stock's 50-day moving average price is $43.90 and its 200-day moving average price is $48.81. The company has a market capitalization of $22.81 billion, a price-to-earnings ratio of 187.14 and a beta of 0.89. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 1 year low of $35.00 and a 1 year high of $62.55.

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 analysts' consensus estimates of $0.18 by ($0.07). The firm had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Cameco's revenue was up 24.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. On average, sell-side analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CCJ. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Tuesday. They issued a "buy" rating and a $65.00 price target on the stock. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $70.53.

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.