GAMMA Investing LLC Has $847,000 Stock Holdings in Cameco Corporation (NYSE:CCJ)

GAMMA Investing LLC lifted its position in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 3,927.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,580 shares of the basic materials company's stock after buying an additional 20,069 shares during the period. GAMMA Investing LLC's holdings in Cameco were worth $847,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CCJ. Larson Financial Group LLC lifted its stake in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after acquiring an additional 226 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Cameco by 0.5% in the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after purchasing an additional 238 shares during the period. Heritage Wealth Management Inc. lifted its stake in Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after purchasing an additional 250 shares during the last quarter. EdgeRock Capital LLC grew its holdings in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock worth $719,000 after purchasing an additional 297 shares during the period. Finally, Highview Capital Management LLC DE grew its holdings in Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after purchasing an additional 300 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Price Performance

NYSE CCJ traded up $0.42 during midday trading on Wednesday, hitting $69.67. The company had a trading volume of 4,388,124 shares, compared to its average volume of 4,767,372. The company has a market capitalization of $30.33 billion, a PE ratio of 174.17 and a beta of 0.97. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $71.31. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15. The firm has a 50-day moving average price of $51.96 and a 200-day moving average price of $49.65.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly 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). The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period last year, the firm earned $0.13 EPS. As a group, analysts anticipate that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CCJ. Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Glj Research reaffirmed a "buy" rating and set a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. Finally, Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $75.63.

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.