Swiss National Bank reduced its position in shares of Cameco (NYSE:CCJ) (TSE:CCO) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,440,800 shares of the basic materials company’s stock after selling 86,600 shares during the period. Swiss National Bank owned about 0.36% of Cameco worth $13,079,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jefferies Group LLC increased its stake in shares of Cameco by 17.9% in the fourth quarter. Jefferies Group LLC now owns 80,987 shares of the basic materials company’s stock worth $748,000 after buying an additional 12,270 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Cameco by 34.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 485,226 shares of the basic materials company’s stock worth $4,479,000 after buying an additional 125,115 shares during the last quarter. Kopernik Global Investors LLC increased its stake in shares of Cameco by 6.5% in the fourth quarter. Kopernik Global Investors LLC now owns 8,684,897 shares of the basic materials company’s stock worth $80,162,000 after buying an additional 528,246 shares during the last quarter. Timber Hill LLC bought a new stake in shares of Cameco in the fourth quarter worth $117,000. Finally, Granite Springs Asset Management LLC bought a new stake in shares of Cameco in the fourth quarter worth $271,000. 52.82% of the stock is currently owned by institutional investors and hedge funds.
CCJ stock opened at $11.38 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 6.66 and a quick ratio of 3.77. Cameco has a 1-year low of $7.68 and a 1-year high of $11.68. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 94.83 and a beta of 1.13.
A number of analysts recently issued reports on CCJ shares. Zacks Investment Research lowered shares of Cameco from a “hold” rating to a “strong sell” rating in a research note on Monday, February 5th. ValuEngine upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday, March 7th. TheStreet upgraded shares of Cameco from a “d+” rating to a “c-” rating in a research note on Tuesday, April 24th. Finally, Royal Bank of Canada lowered shares of Cameco from an “outperform” rating to a “sector perform” rating in a research note on Tuesday. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.00.
Cameco Company Profile
Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.
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