Walleye Capital LLC Acquires Shares of 27,271 Cameco Co. (NYSE:CCJ)

Walleye Capital LLC bought a new position in shares of Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 27,271 shares of the basic materials company’s stock, valued at approximately $794,000.

Several other hedge funds have also modified their holdings of CCJ. Parallel Advisors LLC lifted its holdings in Cameco by 107.7% during the 1st quarter. Parallel Advisors LLC now owns 5,451 shares of the basic materials company’s stock worth $153,000 after buying an additional 2,827 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in Cameco by 13.7% during the 1st quarter. Financial Advocates Investment Management now owns 13,984 shares of the basic materials company’s stock worth $407,000 after buying an additional 1,683 shares in the last quarter. Synovus Financial Corp lifted its holdings in Cameco by 15.3% during the 1st quarter. Synovus Financial Corp now owns 127,403 shares of the basic materials company’s stock worth $3,710,000 after buying an additional 16,941 shares in the last quarter. Geneva Partners LLC acquired a new position in Cameco during the 1st quarter worth $963,000. Finally, Trek Financial LLC acquired a new position in Cameco during the 1st quarter worth $4,620,000. 58.85% of the stock is owned by institutional investors.

Cameco Stock Performance

CCJ stock opened at $28.30 on Tuesday. The business’s fifty day moving average is $25.92 and its 200-day moving average is $25.60. The company has a quick ratio of 4.84, a current ratio of 6.02 and a debt-to-equity ratio of 0.20. The company has a market cap of $11.28 billion, a P/E ratio of 235.85 and a beta of 0.94. Cameco Co. has a twelve month low of $18.03 and a twelve month high of $32.49.

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

Analyst Ratings Changes

Separately, Scotiabank upped their price objective on Cameco from C$43.00 to C$44.00 in a report on Tuesday, August 2nd. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.89.

About Cameco

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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.

Further Reading

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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