Voloridge Investment Management LLC Makes New Investment in Cameco Co. (NYSE:CCJ)

Voloridge Investment Management LLC purchased a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 253,014 shares of the basic materials company's stock, valued at approximately $13,002,000. Voloridge Investment Management LLC owned 0.06% of Cameco at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CCJ. Sprott Inc. increased its holdings in shares of Cameco by 44.5% in the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock worth $5,750,000 after buying an additional 34,483 shares during the period. Aigen Investment Management LP bought a new stake in Cameco during the 4th quarter valued at approximately $930,000. Plato Investment Management Ltd bought a new stake in shares of Cameco in the 4th quarter worth approximately $360,000. Alliancebernstein L.P. boosted its position in shares of Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after purchasing an additional 1,196,336 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Cameco by 3.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 935,507 shares of the basic materials company's stock worth $48,077,000 after acquiring an additional 32,867 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CCJ shares. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Finally, Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average target price of $70.53.

Cameco Price Performance

CCJ traded down $1.57 during midday trading on Thursday, reaching $58.84. 2,830,038 shares of the company's stock were exchanged, compared to its average volume of 4,201,517. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock has a market capitalization of $25.61 billion, a PE ratio of 210.54 and a beta of 0.89. The business's 50-day moving average price is $45.72 and its 200 day moving average price is $49.07. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its 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). The company had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share. As a group, equities analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.