Cameco Co. (NYSE:CCJ) Shares Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. increased its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 337.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 98,376 shares of the basic materials company's stock after purchasing an additional 75,876 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Cameco were worth $5,055,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CCJ. FMR LLC raised its stake in shares of Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after acquiring an additional 190,337 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after purchasing an additional 270,102 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after purchasing an additional 1,196,336 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Cameco in the fourth quarter valued at approximately $188,595,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Trading Down 1.1%

Cameco stock traded down $0.65 during trading on Friday, reaching $58.50. The company had a trading volume of 5,411,440 shares, compared to its average volume of 4,228,933. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock's 50 day moving average price is $46.27 and its two-hundred day moving average price is $49.12. The firm has a market capitalization of $25.47 billion, a price-to-earnings ratio of 208.93 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data 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 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company's quarterly revenue was up 24.4% on a year-over-year basis. As a group, equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CCJ shares. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating on the stock. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Sanford C. Bernstein assumed coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of $70.53.

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.