Y Intercept Hong Kong Ltd Has $1.61 Million Stake in Cameco Corporation (NYSE:CCJ)

Y Intercept Hong Kong Ltd cut its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 21.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,082 shares of the basic materials company's stock after selling 10,957 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Cameco were worth $1,609,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCJ. Hurley Capital LLC acquired a new position in shares of Cameco during the fourth quarter valued at about $27,000. Copia Wealth Management acquired a new position in Cameco in the fourth quarter worth about $39,000. Ameriflex Group Inc. bought a new position in Cameco during the fourth quarter worth about $40,000. CoreCap Advisors LLC grew its stake in shares of Cameco by 8,363.6% in the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 920 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of Cameco by 315.2% in the 1st quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock worth $51,000 after buying an additional 933 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

NYSE:CCJ traded down $0.32 during mid-day trading on Friday, hitting $79.60. 3,506,117 shares of the stock were exchanged, compared to its average volume of 4,917,817. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm's 50-day simple moving average is $68.07 and its 200 day simple moving average is $53.44. Cameco Corporation has a fifty-two week low of $35.00 and a fifty-two week high of $80.06. The stock has a market capitalization of $34.66 billion, a price-to-earnings ratio of 199.00 and a beta of 1.03.

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 the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter last year, the company posted $0.13 earnings per share. The company's revenue was up 24.4% on a year-over-year basis. As a group, equities analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Royal Bank Of Canada boosted their price target on Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, June 20th. Glj Research reaffirmed a "buy" rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Desjardins initiated coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating on the stock. Finally, The Goldman Sachs Group boosted their target price on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $80.65.

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.