Investors Buy Large Volume of Call Options on Cameco (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) saw some unusual options trading activity on Thursday. Traders purchased 384,705 call options on the company. This represents an increase of approximately 1,490% compared to the typical volume of 24,198 call options.

Institutional Trading of Cameco

A number of institutional investors have recently bought and sold shares of CCJ. Sierra Ocean LLC bought a new stake in shares of Cameco in the fourth quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares during the period. Hurley Capital LLC acquired a new position in Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco in the fourth quarter valued at approximately $28,000. Finally, Pingora Partners LLC bought a new position in Cameco during the 3rd quarter worth $33,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

CCJ stock opened at $49.06 on Friday. The company has a 50 day moving average price of $52.32 and a 200 day moving average price of $49.47. The stock has a market capitalization of $21.36 billion, a PE ratio of 258.23 and a beta of 0.94. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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.