Cameco Corporation (NYSE:CCJ) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 47.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,285 shares of the basic materials company's stock after purchasing an additional 17,423 shares during the period. Penserra Capital Management LLC's holdings in Cameco were worth $2,233,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp grew its holdings in shares of Cameco by 34.8% during the fourth quarter. Jones Financial Companies Lllp now owns 7,091 shares of the basic materials company's stock valued at $364,000 after buying an additional 1,830 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in shares of Cameco by 4.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,591 shares of the basic materials company's stock valued at $1,110,000 after buying an additional 1,009 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Cameco by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,507 shares of the basic materials company's stock valued at $48,077,000 after buying an additional 32,867 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Cameco by 304,100.0% during the fourth quarter. Assetmark Inc. now owns 3,042 shares of the basic materials company's stock valued at $156,000 after buying an additional 3,041 shares during the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Cameco by 94.5% during the fourth quarter. M&T Bank Corp now owns 9,184 shares of the basic materials company's stock valued at $472,000 after buying an additional 4,463 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 4.3%

CCJ stock traded down $3.26 during midday trading on Tuesday, hitting $71.93. The company's stock had a trading volume of 6,420,314 shares, compared to its average volume of 4,543,664. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $75.67. The firm has a 50-day simple moving average of $60.51 and a 200-day simple moving average of $51.13. The firm has a market capitalization of $31.31 billion, a P/E ratio of 179.83 and a beta of 1.03. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CCJ. Royal Bank Of Canada boosted their price objective on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, June 20th. UBS Group reaffirmed a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Sanford C. Bernstein set a $70.00 price target on shares of Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Finally, Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $80.65.

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.