Aigen Investment Management LP Acquires 8,341 Shares of Cameco Corporation (NYSE:CCJ)

Aigen Investment Management LP lifted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 46.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,434 shares of the basic materials company's stock after acquiring an additional 8,341 shares during the quarter. Aigen Investment Management LP's holdings in Cameco were worth $1,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Cameco by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 17,084,358 shares of the basic materials company's stock valued at $703,295,000 after buying an additional 300,088 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cameco by 1.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after buying an additional 190,337 shares during the period. Driehaus Capital Management LLC increased its position in Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock worth $115,398,000 after buying an additional 1,225,966 shares during the period. Massachusetts Financial Services Co. MA increased its position in Cameco by 2.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,215,853 shares of the basic materials company's stock worth $91,205,000 after buying an additional 56,583 shares during the period. Finally, TD Asset Management Inc lifted its position in shares of Cameco by 1.1% during the 1st quarter. TD Asset Management Inc now owns 2,056,644 shares of the basic materials company's stock valued at $84,652,000 after acquiring an additional 23,321 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCJ has been the subject of a number of recent analyst reports. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday, August 5th. The Goldman Sachs Group upped their target price on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. Glj Research reaffirmed a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Twelve research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Cameco has a consensus rating of "Buy" and an average target price of $82.65.

Cameco Trading Up 0.9%

Shares of CCJ stock opened at $77.02 on Monday. The stock has a market cap of $33.53 billion, a price-to-earnings ratio of 88.53 and a beta of 1.06. The stock has a 50-day moving average of $72.05 and a 200-day moving average of $55.18. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to analysts' expectations of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%. The business's quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.14 earnings per share. On average, equities research analysts forecast that Cameco Corporation 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.