Cameco Co. (NYSE:CCJ) Shares Acquired by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 41.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,200 shares of the basic materials company’s stock after acquiring an additional 24,000 shares during the quarter. Acadian Asset Management LLC’s holdings in Cameco were worth $4,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CCJ. LRI Investments LLC acquired a new position in shares of Cameco during the 1st quarter worth about $26,000. Principal Securities Inc. acquired a new position in Cameco in the fourth quarter valued at approximately $29,000. Lindbrook Capital LLC increased its stake in Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 221 shares during the last quarter. Larson Financial Group LLC raised its holdings in Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 600 shares in the last quarter. Finally, Crewe Advisors LLC acquired a new stake in Cameco during the first quarter worth approximately $87,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CCJ. Scotiabank dropped their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Bank of America lifted their target price on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. The Goldman Sachs Group upped their target price on Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Cantor Fitzgerald raised Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, National Bank Financial raised Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus price target of $67.25.

Cameco Stock Performance

Shares of CCJ stock opened at $40.71 on Friday. Cameco Co. has a 52-week low of $35.18 and a 52-week high of $56.24. The stock’s 50-day moving average price is $42.98 and its 200 day moving average price is $46.47. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $17.72 billion, a PE ratio of 104.38 and a beta of 0.90.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. During the same quarter last year, the company earned ($0.01) EPS. Cameco’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, equities research analysts forecast that Cameco Co. will post 0.96 EPS for the current year.

Cameco 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.