Cameco Corporation (NYSE:CCJ) Shares Acquired by Skylands Capital LLC

Skylands Capital LLC grew its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 96.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,900 shares of the basic materials company's stock after buying an additional 10,250 shares during the quarter. Skylands Capital LLC's holdings in Cameco were worth $860,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Capital Wealth Advisors purchased a new position in shares of Cameco in the fourth quarter valued at $839,000. FNY Investment Advisers LLC increased its position in shares of Cameco by 583.2% in the first quarter. FNY Investment Advisers LLC now owns 21,500 shares of the basic materials company's stock valued at $884,000 after buying an additional 18,353 shares in the last quarter. Balefire LLC increased its position in shares of Cameco by 42.9% in the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock valued at $1,383,000 after buying an additional 10,081 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of Cameco in the fourth quarter valued at $930,000. Finally, Plato Investment Management Ltd purchased a new position in shares of Cameco in the fourth quarter valued at $360,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Down 1.6%

NYSE:CCJ traded down $1.22 during mid-day trading on Friday, reaching $73.25. The company's stock had a trading volume of 8,005,182 shares, compared to its average volume of 4,489,434. The company's fifty day simple moving average is $56.83 and its two-hundred day simple moving average is $50.33. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. Cameco Corporation has a twelve month low of $35.00 and a twelve month high of $75.42. The stock has a market cap of $31.89 billion, a P/E ratio of 183.12 and a beta of 0.97.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (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 business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same period in the previous year, the business posted $0.13 earnings per share. The firm's quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the topic of a number of analyst reports. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Glj Research reaffirmed a "buy" rating and set a $75.27 price objective on shares of Cameco in a research note on Thursday, June 12th. Finally, Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One investment 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 company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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.