Water Island Capital LLC Purchases Shares of 20,000 Cameco Corp (CCJ)

Water Island Capital LLC purchased a new position in Cameco Corp (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 20,000 shares of the basic materials company’s stock, valued at approximately $227,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its holdings in shares of Cameco by 284.6% in the 4th quarter. Quadrant Capital Group LLC now owns 6,850 shares of the basic materials company’s stock worth $74,000 after acquiring an additional 5,069 shares during the last quarter. Banco de Sabadell S.A raised its holdings in Cameco by 100.0% during the 3rd quarter. Banco de Sabadell S.A now owns 10,000 shares of the basic materials company’s stock valued at $131,000 after buying an additional 5,000 shares during the last quarter. MML Investors Services LLC bought a new stake in Cameco during the 3rd quarter valued at $120,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Cameco during the 3rd quarter valued at $125,000. Finally, Ayalon Holdings Ltd. bought a new stake in Cameco during the 3rd quarter valued at $149,000. 48.34% of the stock is owned by institutional investors and hedge funds.

NYSE CCJ traded up $0.01 during trading on Wednesday, hitting $12.13. The company had a trading volume of 42,564 shares, compared to its average volume of 2,132,314. The company has a current ratio of 2.14, a quick ratio of 1.57 and a debt-to-equity ratio of 0.21. Cameco Corp has a one year low of $8.56 and a one year high of $13.04. The firm has a market capitalization of $4.83 billion, a PE ratio of 30.30 and a beta of 0.96.

A number of equities research analysts recently commented on CCJ shares. Rosenblatt Securities lowered shares of Cameco to a “hold” rating in a report on Monday, November 5th. Royal Bank of Canada upped their price objective on shares of Cameco from $15.00 to $16.00 and gave the stock a “sector perform” rating in a report on Monday, November 5th. TheStreet upgraded shares of Cameco from a “d+” rating to a “c” rating in a report on Monday, November 5th. Zacks Investment Research upgraded shares of Cameco from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Monday, November 12th. Finally, Bank of America upgraded shares of Cameco from a “neutral” rating to a “buy” rating in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $15.33.

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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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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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