Cameco Corporation (NYSE:CCJ) Shares Acquired by Balefire LLC

Balefire LLC boosted its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 42.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 33,601 shares of the basic materials company's stock after buying an additional 10,081 shares during the quarter. Balefire LLC's holdings in Cameco were worth $1,383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new stake in Cameco during the fourth quarter worth $188,595,000. FMR LLC grew its holdings in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares in the last quarter. Driehaus Capital Management LLC increased its stake in shares of Cameco by 120.2% in 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 acquiring an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. raised its holdings in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the period. Finally, AGF Management Ltd. boosted its position in shares of Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after acquiring an additional 1,193,266 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 4.3%

Shares of CCJ stock traded up $3.06 during trading hours on Thursday, hitting $74.49. The company had a trading volume of 7,819,955 shares, compared to its average volume of 4,456,553. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The stock has a market capitalization of $32.43 billion, a PE ratio of 186.23 and a beta of 0.97. The company's fifty day moving average is $55.52 and its 200 day moving average is $50.15. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $74.99.

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

Analyst Ratings Changes

Several research firms recently issued reports on CCJ. UBS Group restated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a report on Wednesday, May 14th. Finally, Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $77.30.

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.