Cameco Co. (NYSE:CCJ) Stake Lifted by Sender Co & Partners Inc.

Sender Co & Partners Inc. grew its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 318.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 17,853 shares of the basic materials company's stock after buying an additional 13,591 shares during the period. Sender Co & Partners Inc.'s holdings in Cameco were worth $917,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CCJ. Norges Bank purchased a new stake in shares of Cameco during the 4th quarter valued at about $188,595,000. FMR LLC boosted its position in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. Driehaus Capital Management LLC boosted its position in Cameco by 120.2% in the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company's stock valued at $115,398,000 after buying an additional 1,225,966 shares during the last quarter. Alliancebernstein L.P. boosted its position in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after buying an additional 1,196,336 shares during the last quarter. Finally, AGF Management Ltd. boosted its position in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock valued at $174,433,000 after buying an additional 1,193,266 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of NYSE:CCJ traded up $1.22 during trading hours on Tuesday, hitting $52.40. The stock had a trading volume of 3,040,861 shares, compared to its average volume of 4,106,201. The stock's fifty day simple moving average is $43.90 and its 200 day simple moving average is $48.81. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55. The firm has a market capitalization of $22.81 billion, a price-to-earnings ratio of 187.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

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

Analyst Ratings Changes

A number of equities analysts have weighed in on CCJ shares. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Tuesday. They issued a "buy" rating and a $65.00 price objective for the company. Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $70.53.

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.