Aigen Investment Management LP Increases Holdings in Cameco Co. (NYSE:CCJ)

Aigen Investment Management LP increased its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 49.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,636 shares of the basic materials company's stock after purchasing an additional 14,745 shares during the quarter. Aigen Investment Management LP's holdings in Cameco were worth $1,924,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CCJ. Principal Securities Inc. purchased a new position in shares of Cameco in the fourth quarter valued at $29,000. Allworth Financial LP grew its position in Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock worth $30,000 after buying an additional 682 shares in the last quarter. Versant Capital Management Inc purchased a new position in Cameco during the fourth quarter worth about $34,000. Sandy Spring Bank purchased a new position in Cameco during the fourth quarter worth about $43,000. Finally, Blue Trust Inc. grew its position in Cameco by 57.5% during the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company's stock worth $57,000 after buying an additional 521 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a report on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a research note on Monday, April 1st. They issued a "buy" rating and a $55.00 target price for the company. One 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 company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $62.75.

Cameco Trading Up 1.8 %

CCJ traded up $0.93 during midday trading on Monday, reaching $53.98. 4,345,168 shares of the company's stock traded hands, compared to its average volume of 4,918,074. The firm has a fifty day moving average of $46.93 and a two-hundred day moving average of $45.24. The stock has a market capitalization of $23.46 billion, a price-to-earnings ratio of 138.46 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. Cameco Co. has a 52 week low of $26.15 and a 52 week high of $54.54.

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.

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