Cameco Co. (NYSE:CCJ) Shares Purchased by Jennison Associates LLC

Jennison Associates LLC raised its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 703,837 shares of the basic materials company's stock after purchasing an additional 42,819 shares during the period. Jennison Associates LLC owned about 0.16% of Cameco worth $30,335,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP boosted its stake in shares of Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock worth $30,000 after acquiring an additional 682 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Cameco in the fourth quarter worth approximately $34,000. Sandy Spring Bank acquired a new stake in shares of Cameco in the fourth quarter worth approximately $43,000. Blue Trust Inc. boosted its stake in shares of Cameco by 57.5% in the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company's stock worth $57,000 after acquiring an additional 521 shares during the last quarter. Finally, Covestor Ltd acquired a new stake in shares of Cameco in the third quarter worth approximately $99,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 0.9 %

NYSE CCJ traded up $0.42 on Thursday, reaching $49.18. 2,029,548 shares of the company were exchanged, compared to its average volume of 5,068,923. The business's fifty day moving average price is $44.28 and its 200 day moving average price is $43.85. The stock has a market capitalization of $21.35 billion, a P/E ratio of 81.97 and a beta of 0.92. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Cameco Co. has a fifty-two week low of $25.72 and a fifty-two week high of $52.64.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The business had revenue of $620.00 million during the quarter. Analysts forecast that Cameco Co. will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a research note on Monday, April 1st. They set a "buy" rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $62.75.

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.