Semanteon Capital Management LP Buys New Holdings in Cameco Co. (NYSE:CCJ)

Semanteon Capital Management LP bought a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 17,241 shares of the basic materials company's stock, valued at approximately $743,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. CWM LLC raised its stake in Cameco by 416.7% during the 3rd quarter. CWM LLC now owns 3,214 shares of the basic materials company's stock valued at $127,000 after purchasing an additional 2,592 shares during the period. IFP Advisors Inc increased its stake in Cameco by 838.1% in the 3rd quarter. IFP Advisors Inc now owns 3,302 shares of the basic materials company's stock worth $131,000 after acquiring an additional 2,950 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Cameco by 8.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 12,500 shares of the basic materials company's stock worth $496,000 after acquiring an additional 1,000 shares during the last quarter. Hardman Johnston Global Advisors LLC bought a new stake in Cameco in the 3rd quarter worth approximately $243,000. Finally, Lowe Wealth Advisors LLC bought a new stake in Cameco in the 3rd quarter worth approximately $244,000. Institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CCJ. StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th. The Goldman Sachs Group started coverage on Cameco in a report on Monday, April 1st. They issued a "buy" rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $62.75.

Cameco Stock Up 0.3 %

NYSE CCJ traded up $0.15 on Friday, reaching $49.31. 3,082,892 shares of the stock traded hands, compared to its average volume of 5,044,415. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. The company has a fifty day moving average price of $44.28 and a 200-day moving average price of $43.85. The company has a market cap of $21.41 billion, a price-to-earnings ratio of 82.25 and a beta of 0.92. Cameco Co. has a 12 month low of $25.72 and a 12 month high of $52.64.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The firm had revenue of $620.00 million for the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. As a group, research analysts forecast that Cameco Co. will post 1.54 EPS for the current fiscal year.

Cameco Company 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.

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