92,563 Shares in Cameco Co. (NYSE:CCJ) Acquired by Drummond Knight Asset Management Pty Ltd

Drummond Knight Asset Management Pty Ltd acquired a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,563 shares of the basic materials company's stock, valued at approximately $4,757,000. Cameco accounts for about 3.5% of Drummond Knight Asset Management Pty Ltd's investment portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB bought a new position in shares of Cameco during the third quarter valued at approximately $38,000. Tidal Investments LLC raised its holdings in shares of Cameco by 9.2% during the third quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock valued at $1,213,000 after acquiring an additional 2,142 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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 acquiring an additional 245,831 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in Cameco in the fourth quarter worth $206,000. Finally, Miracle Mile Advisors LLC lifted its position in Cameco by 5.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 8,845 shares of the basic materials company's stock valued at $455,000 after buying an additional 495 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

NYSE:CCJ traded up $0.29 on Monday, hitting $51.02. The stock had a trading volume of 3,060,715 shares, compared to its average volume of 4,080,696. The stock has a market cap of $22.21 billion, a price-to-earnings ratio of 182.54 and a beta of 0.89. 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 business's 50-day simple moving average is $42.74 and its two-hundred day simple moving average is $48.90. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm's quarterly revenue was up 24.4% on a year-over-year basis. As a group, research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent research reports. Sanford C. Bernstein initiated coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Finally, Desjardins assumed coverage on Cameco in a report on Friday, April 4th. They set a "buy" rating for the company. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, Cameco has an average rating of "Buy" and an average target price 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.