WINTON GROUP Ltd Takes Position in Cameco Co. (NYSE:CCJ)

WINTON GROUP Ltd purchased a new stake in shares of Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 15,907 shares of the basic materials company’s stock, valued at approximately $334,000.

A number of other hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cameco by 37.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after buying an additional 4,644,453 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Cameco by 1.8% during the first quarter. Vanguard Group Inc. now owns 12,814,967 shares of the basic materials company’s stock valued at $372,915,000 after buying an additional 228,912 shares during the last quarter. Capital World Investors raised its holdings in shares of Cameco by 402.0% during the first quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after buying an additional 8,113,385 shares during the last quarter. Keybank National Association OH raised its holdings in shares of Cameco by 3.3% during the second quarter. Keybank National Association OH now owns 6,934,620 shares of the basic materials company’s stock valued at $145,765,000 after buying an additional 221,318 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in shares of Cameco by 0.5% during the second quarter. Bank of Nova Scotia now owns 3,337,822 shares of the basic materials company’s stock valued at $70,271,000 after buying an additional 15,223 shares during the last quarter. Institutional investors own 58.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Friday, October 28th. Scotiabank dropped their target price on Cameco from C$44.00 to C$42.00 in a report on Tuesday, October 18th. TD Securities boosted their target price on Cameco from C$40.00 to C$41.00 in a report on Friday, October 28th. Finally, Canaccord Genuity Group boosted their target price on Cameco from C$43.00 to C$44.00 and gave the stock a “buy” rating in a report on Wednesday, October 26th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.00.

Cameco Price Performance

NYSE CCJ opened at $23.84 on Monday. The stock has a market capitalization of $10.31 billion, a P/E ratio of 108.37, a P/E/G ratio of 2.18 and a beta of 0.89. Cameco Co. has a 1 year low of $18.03 and a 1 year high of $32.49. The business’s fifty day moving average is $25.29 and its two-hundred day moving average is $24.57. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.03 and a current ratio of 5.11.

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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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