Y Intercept Hong Kong Ltd Makes New $2.57 Million Investment in Cameco Co. (NYSE:CCJ)

Y Intercept Hong Kong Ltd purchased a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 50,039 shares of the basic materials company’s stock, valued at approximately $2,572,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Glenmede Trust Co. NA grew its holdings in Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 191 shares during the last quarter. S.A. Mason LLC grew its holdings in shares of Cameco by 6.0% during the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after buying an additional 206 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after buying an additional 267 shares during the last quarter. Highview Capital Management LLC DE grew its holdings in shares of Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after buying an additional 300 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its holdings in shares of Cameco by 4.8% during the third quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock valued at $331,000 after buying an additional 320 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $66.56.

Cameco Trading Down 0.2 %

NYSE CCJ opened at $43.41 on Tuesday. The company has a market capitalization of $18.89 billion, a PE ratio of 155.02 and a beta of 0.94. The company has a fifty day moving average of $50.79 and a 200 day moving average of $49.83. Cameco Co. has a 1 year low of $35.43 and a 1 year 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.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

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.