FNY Investment Advisers LLC Buys 18,353 Shares of Cameco Co. (NYSE:CCJ)

FNY Investment Advisers LLC boosted its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 583.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,500 shares of the basic materials company's stock after acquiring an additional 18,353 shares during the quarter. FNY Investment Advisers LLC's holdings in Cameco were worth $884,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Savant Capital LLC boosted its holdings in Cameco by 3.8% during the 4th quarter. Savant Capital LLC now owns 14,334 shares of the basic materials company's stock worth $737,000 after acquiring an additional 526 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Cameco during the fourth quarter worth about $4,647,000. Vontobel Holding Ltd. increased its stake in Cameco by 10.4% in the 4th quarter. Vontobel Holding Ltd. now owns 15,735 shares of the basic materials company's stock valued at $808,000 after buying an additional 1,485 shares during the last quarter. Principal Securities Inc. lifted its position in shares of Cameco by 132.9% during the 4th quarter. Principal Securities Inc. now owns 1,742 shares of the basic materials company's stock worth $90,000 after buying an additional 994 shares in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Cameco in the 4th quarter worth approximately $2,358,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

NYSE CCJ traded up $2.75 during trading hours on Monday, hitting $69.41. The company had a trading volume of 11,172,197 shares, compared to its average volume of 4,387,887. The firm has a 50 day simple moving average of $50.71 and a 200 day simple moving average of $49.45. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $71.29. The firm has a market capitalization of $30.22 billion, a price-to-earnings ratio of 247.89 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data 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 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same period in the prior year, the firm posted $0.13 EPS. Cameco's revenue was up 24.4% on a year-over-year basis. Equities research analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They set a "buy" rating on the stock. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Scotiabank restated an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Finally, Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the company an "outperform" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $75.63.

About Cameco

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.