Hood River Capital Management LLC Acquires 8,333 Shares of Cameco Co. (NYSE:CCJ)

Hood River Capital Management LLC raised its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 158.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,581 shares of the basic materials company's stock after acquiring an additional 8,333 shares during the quarter. Hood River Capital Management LLC's holdings in Cameco were worth $698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Pinebridge Investments L.P. grew its holdings in shares of Cameco by 2.9% during the fourth quarter. Pinebridge Investments L.P. now owns 96,948 shares of the basic materials company's stock worth $4,982,000 after buying an additional 2,724 shares in the last quarter. Stifel Financial Corp grew its stake in Cameco by 5.9% in the fourth quarter. Stifel Financial Corp now owns 400,061 shares of the basic materials company's stock valued at $20,559,000 after purchasing an additional 22,111 shares in the last quarter. Sharpepoint LLC acquired a new stake in shares of Cameco in the 4th quarter valued at approximately $349,000. Mesirow Institutional Investment Management Inc. increased its holdings in Cameco by 2.4% during the fourth quarter. Mesirow Institutional Investment Management Inc. now owns 53,631 shares of the basic materials company's stock worth $2,756,000 after buying an additional 1,260 shares during the last quarter. Finally, Natixis increased its holdings in Cameco by 24.9% during the fourth quarter. Natixis now owns 22,370 shares of the basic materials company's stock worth $1,150,000 after buying an additional 4,464 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada restated an "outperform" rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They set a "buy" rating on the stock. Sanford C. Bernstein initiated coverage on shares of Cameco in a report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 target price on the stock. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, April 15th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Cameco has an average rating of "Buy" and an average target price of $70.03.

Cameco Trading Up 0.2 %

Shares of CCJ stock traded up $0.07 during trading hours on Tuesday, hitting $45.39. 1,143,900 shares of the company were exchanged, compared to its average volume of 4,089,218. The firm has a market cap of $19.76 billion, a P/E ratio of 161.61 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week 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 company has a 50 day simple moving average of $42.02 and a two-hundred day simple moving average of $49.38.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. Equities analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

Cameco Profile

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.