Driehaus Capital Management LLC Has $115.40 Million Stock Position in Cameco Co. (NYSE:CCJ)

Driehaus Capital Management LLC grew its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 120.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,245,539 shares of the basic materials company's stock after buying an additional 1,225,966 shares during the quarter. Cameco accounts for approximately 1.0% of Driehaus Capital Management LLC's holdings, making the stock its 18th biggest holding. Driehaus Capital Management LLC owned 0.52% of Cameco worth $115,398,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CCJ. Sierra Ocean LLC purchased a new position in Cameco in the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco in the 4th quarter valued at about $28,000. Whipplewood Advisors LLC bought a new stake in Cameco in the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco during the 4th quarter valued at about $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ traded up $1.14 during midday trading on Tuesday, hitting $52.30. The company had a trading volume of 2,438,848 shares, compared to its average volume of 4,082,561. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $22.77 billion, a PE ratio of 186.79 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 firm's 50-day simple moving average is $42.90 and its 200-day simple moving average is $48.88.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued 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 net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period last year, the business posted $0.13 EPS. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. Equities research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating for the company. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $70.03.

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.