Tower Research Capital LLC TRC Purchases 25,628 Shares of Cameco Co. (NYSE:CCJ)

Tower Research Capital LLC TRC boosted its holdings in shares of Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 150.2% during the fourth quarter, Holdings reports. The firm owned 42,692 shares of the basic materials company’s stock after acquiring an additional 25,628 shares during the period. Tower Research Capital LLC TRC’s holdings in Cameco were worth $1,840,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. FMR LLC lifted its position in Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after buying an additional 4,865,085 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Cameco by 74.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock worth $227,365,000 after purchasing an additional 2,442,190 shares during the period. Norges Bank bought a new position in Cameco during the 4th quarter valued at about $99,511,000. Rheos Capital Works Inc. purchased a new stake in Cameco in the 4th quarter worth about $61,245,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Cameco by 6.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock valued at $581,558,000 after buying an additional 869,404 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of Cameco stock opened at $53.59 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The stock’s fifty day moving average price is $50.66 and its 200-day moving average price is $46.44. The firm has a market cap of $23.29 billion, a P/E ratio of 137.41 and a beta of 0.93. Cameco Co. has a 12 month low of $29.17 and a 12 month high of $56.24.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). The company had revenue of $470.29 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. On average, equities research analysts expect that Cameco Co. will post 1.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CCJ shares. downgraded Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group lifted their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.50.

Check Out Our Latest Stock Report on CCJ

About Cameco

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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