Caxton Associates LP Lowers Position in Cameco Co. (NYSE:CCJ)

Caxton Associates LP decreased its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 17.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 70,000 shares of the basic materials company's stock after selling 15,000 shares during the period. Caxton Associates LP's holdings in Cameco were worth $3,597,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after acquiring an additional 1,811,876 shares during the period. Vanguard Group Inc. boosted its holdings in Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after purchasing an additional 270,102 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after purchasing an additional 1,196,336 shares during the period. Norges Bank purchased a new stake in shares of Cameco in the fourth quarter worth $188,595,000. Finally, AGF Management Ltd. boosted its stake in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after buying an additional 1,193,266 shares during the period. Institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of research analyst reports. Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price on the stock. Stifel Nicolaus started coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $70.03.

Cameco Trading Down 1.0 %

CCJ traded down $0.49 on Thursday, hitting $49.25. 4,565,594 shares of the company were exchanged, compared to its average volume of 4,070,803. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The firm has a fifty day simple moving average of $42.39 and a two-hundred day simple moving average of $49.07. The stock has a market capitalization of $21.44 billion, a PE ratio of 175.89 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its 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). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period in the previous year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. Sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

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.