Cameco Co. (NYSE:CCJ) Shares Bought by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 337.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 98,376 shares of the basic materials company's stock after purchasing an additional 75,876 shares during the period. Polar Asset Management Partners Inc.'s holdings in Cameco were worth $4,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quantinno Capital Management LP boosted its position in Cameco by 4.3% during the 4th quarter. Quantinno Capital Management LP now owns 82,483 shares of the basic materials company's stock valued at $4,239,000 after acquiring an additional 3,371 shares in the last quarter. Northeast Financial Consultants Inc purchased a new stake in shares of Cameco during the 4th quarter worth $232,000. OMERS ADMINISTRATION Corp boosted its position in Cameco by 39.6% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 18,700 shares of the basic materials company's stock valued at $961,000 after purchasing an additional 5,300 shares in the last quarter. Merewether Investment Management LP raised its holdings in Cameco by 7.0% in the fourth quarter. Merewether Investment Management LP now owns 582,723 shares of the basic materials company's stock worth $29,946,000 after purchasing an additional 38,023 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Cameco by 1.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after buying an additional 190,337 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Price Performance

NYSE CCJ traded down $0.11 on Monday, hitting $51.16. The company had a trading volume of 3,034,648 shares, compared to its average volume of 4,111,420. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company's fifty day moving average price is $43.73 and its 200-day moving average price is $48.82. The company has a market capitalization of $22.27 billion, a PE ratio of 182.71 and a beta of 0.89. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same period in the prior year, the business posted $0.13 earnings per share. The company's quarterly revenue was up 24.4% compared to the same quarter last year. As a group, analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research report on Wednesday, May 14th. Desjardins started coverage on Cameco in a report on Friday, April 4th. They set a "buy" rating for the company. Sanford C. Bernstein assumed coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 target price on the stock. Finally, Glj Research raised their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $70.03.

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.