New Century Advisors LLC Grows Stock Position in Cameco Co. (NYSE:CCJ)

New Century Advisors LLC increased its position in shares of Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) by 3.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 12,477 shares of the basic materials company’s stock after purchasing an additional 467 shares during the quarter. New Century Advisors LLC’s holdings in Cameco were worth $262,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CCJ. JPMorgan Chase & Co. increased its holdings in Cameco by 23.2% in the 4th quarter. JPMorgan Chase & Co. now owns 1,799,581 shares of the basic materials company’s stock valued at $39,249,000 after purchasing an additional 339,426 shares during the last quarter. Gotham Asset Management LLC increased its holdings in Cameco by 219.7% in the 4th quarter. Gotham Asset Management LLC now owns 84,229 shares of the basic materials company’s stock valued at $1,837,000 after purchasing an additional 57,885 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Cameco by 13.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 72,125 shares of the basic materials company’s stock valued at $1,573,000 after purchasing an additional 8,325 shares during the last quarter. Freestone Capital Holdings LLC acquired a new stake in Cameco in the 4th quarter valued at approximately $436,000. Finally, Key Square Capital Management LLC acquired a new stake in Cameco in the 4th quarter valued at approximately $4,414,000. Hedge funds and other institutional investors own 58.85% of the company’s stock.

Cameco Stock Down 7.4 %

Shares of NYSE:CCJ traded down $2.00 during trading on Friday, hitting $25.01. The company’s stock had a trading volume of 420,271 shares, compared to its average volume of 7,440,817. The business has a 50 day moving average price of $26.28 and a two-hundred day moving average price of $25.66. The company has a market capitalization of $9.96 billion, a PE ratio of 206.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.84 and a current ratio of 6.02. Cameco Co. has a fifty-two week low of $18.03 and a fifty-two week high of $32.49.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last posted its quarterly earnings results on Wednesday, July 27th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $437.25 million during the quarter. Cameco had a net margin of 3.48% and a return on equity of 1.17%. As a group, research analysts expect that Cameco Co. will post 0.2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Scotiabank lifted their target price on shares of Cameco from C$43.00 to C$44.00 in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.89.

Cameco Company Profile

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Cameco Corporation produces and sells uranium. It operates through two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

See Also

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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