Cameco Co. (NYSE:CCJ) Shares Bought by Soviero Asset Management LP

Soviero Asset Management LP grew its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 34.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 59,000 shares of the basic materials company's stock after purchasing an additional 15,000 shares during the period. Cameco makes up about 1.9% of Soviero Asset Management LP's portfolio, making the stock its 27th biggest holding. Soviero Asset Management LP's holdings in Cameco were worth $3,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCJ. Principal Financial Group Inc. lifted its holdings in shares of Cameco by 1,138.1% during the 3rd 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 shares of Cameco by 12.0% in the 4th quarter. Park Avenue Securities LLC now owns 5,573 shares of the basic materials company's stock valued at $286,000 after acquiring an additional 598 shares during the period. Avanza Fonder AB acquired a new position in shares of Cameco in the 4th quarter valued at $2,292,000. Joule Financial LLC increased its position in shares of Cameco by 17.9% in the 4th quarter. Joule Financial LLC now owns 24,175 shares of the basic materials company's stock valued at $1,242,000 after acquiring an additional 3,678 shares during the period. Finally, Terra Nova Asset Management LLC increased its position in shares of Cameco by 5.8% in the 4th quarter. Terra Nova Asset Management LLC now owns 8,234 shares of the basic materials company's stock valued at $423,000 after acquiring an additional 454 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Price Performance

Shares of NYSE:CCJ traded up $5.71 during trading on Friday, reaching $58.52. 13,322,831 shares of the company's stock traded hands, compared to its average volume of 4,141,779. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. 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 firm has a market cap of $25.48 billion, a PE ratio of 209.01 and a beta of 0.89. The company has a 50-day simple moving average of $44.81 and a 200-day simple moving average of $48.92.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS 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 business had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same quarter last year, the business earned $0.13 earnings per share. Cameco's revenue was up 24.4% on a year-over-year basis. As a group, analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCJ shares. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. The Goldman Sachs Group assumed coverage on Cameco in a research note on Tuesday. They set a "buy" rating and a $65.00 price objective for the company. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of "Buy" and an average target price of $70.53.

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.