Headlands Technologies LLC Takes $514,000 Position in Cameco Co. (NYSE:CCJ)

Headlands Technologies LLC acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 11,933 shares of the basic materials company’s stock, valued at approximately $514,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after buying an additional 4,865,085 shares in the last quarter. Vanguard Group Inc. boosted its position in Cameco by 1.5% during the third quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock worth $616,343,000 after purchasing an additional 236,212 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 worth $581,558,000 after purchasing an additional 869,404 shares during the period. Morgan Stanley boosted its position in Cameco by 5.8% during the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after purchasing an additional 428,310 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Cameco by 74.3% during the third 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. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of Cameco stock traded up $0.19 during trading on Friday, reaching $49.35. The company’s stock had a trading volume of 3,083,385 shares, compared to its average volume of 4,261,084. The firm has a market cap of $21.43 billion, a PE ratio of 82.18 and a beta of 0.92. The business’s 50-day moving average price is $44.43 and its 200-day moving average price is $43.93. Cameco Co. has a 52 week low of $25.72 and a 52 week high of $52.64. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Equities analysts forecast that Cameco Co. will post 1.54 earnings per share for the current year.

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research analyst reports. The Goldman Sachs Group initiated coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 price objective for the company. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Company Profile

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.