Hartree Partners LP Acquires New Holdings in Cameco Co. (NYSE:CCJ)

Hartree Partners LP bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 69,000 shares of the basic materials company’s stock, valued at approximately $3,546,000. Cameco comprises about 1.3% of Hartree Partners LP’s portfolio, making the stock its 22nd biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC bought a new stake in shares of Cameco in the fourth quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Cameco in the fourth quarter valued at about $28,000. Whipplewood Advisors LLC bought a new position in shares of Cameco during the fourth quarter worth about $33,000. Pingora Partners LLC acquired a new position in shares of Cameco in the third quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new stake in Cameco in the fourth quarter valued at approximately $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 19th. Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Glj Research boosted their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of “Buy” and a consensus price target of $73.64.

Cameco Trading Down 1.9 %

NYSE CCJ opened at $41.83 on Friday. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The business has a 50 day moving average price of $46.42 and a 200-day moving average price of $50.30. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 149.40 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

About Cameco

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.