Arlington Capital Management Inc. Purchases Shares of 24,316 Cameco Co. (NYSE:CCJ)

Arlington Capital Management Inc. purchased a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 24,316 shares of the basic materials company's stock, valued at approximately $1,048,000.

Several other hedge funds and other institutional investors also recently modified their holdings of CCJ. FMR LLC raised its holdings in shares of Cameco by 21.6% during the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company's stock valued at $1,087,629,000 after buying an additional 4,865,085 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cameco by 1.5% during the third quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company's stock worth $616,343,000 after acquiring an additional 236,212 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Cameco by 6.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company's stock worth $581,558,000 after acquiring an additional 869,404 shares during the last quarter. Morgan Stanley boosted its stake in shares of Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company's stock valued at $307,300,000 after purchasing an additional 428,310 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Cameco by 74.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company's stock valued at $227,365,000 after purchasing an additional 2,442,190 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Up 3.3 %

Shares of CCJ stock traded up $1.66 during mid-day trading on Thursday, reaching $52.22. The stock had a trading volume of 2,992,082 shares, compared to its average volume of 5,029,867. The firm has a market capitalization of $22.67 billion, a PE ratio of 133.90 and a beta of 0.92. The stock's 50-day moving average price is $45.90 and its two-hundred day moving average price is $44.68. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. Cameco Co. has a 52-week low of $26.15 and a 52-week high of $52.80.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The business had revenue of $620.00 million for the quarter. Equities analysts expect that Cameco Co. will post 1.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.