Lighthouse Investment Partners LLC lessened its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 19.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the basic materials company's stock after selling 6,000 shares during the period. Lighthouse Investment Partners LLC's holdings in Cameco were worth $1,285,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Cameco in the 4th quarter valued at $25,000. Hurley Capital LLC acquired a new stake in shares of Cameco in the fourth quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the 4th quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new position in Cameco during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new position in Cameco in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 70.21% of the company's stock.
Cameco Stock Performance
Shares of CCJ stock opened at $53.14 on Thursday. The stock has a market capitalization of $23.13 billion, a price-to-earnings ratio of 189.79 and a beta of 0.89. Cameco Co. has a one year low of $35.00 and a one year high of $62.55. The company's 50-day simple moving average is $43.32 and its 200-day simple moving average is $48.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $549.58 million for the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business's revenue was up 24.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Equities analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Stifel Nicolaus began coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday. Finally, Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. One 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 stock. According to MarketBeat.com, Cameco presently has an average rating of "Buy" and an average price target of $70.03.
Check Out Our Latest Analysis on CCJ
Cameco Profile
(
Free Report)
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.
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