69,000 Shares in Cameco Co. (NYSE:CCJ) Purchased by Hartree Partners LP

Hartree Partners LP acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 69,000 shares of the basic materials company’s stock, valued at approximately $3,546,000. Cameco makes up about 1.3% of Hartree Partners LP’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds have also recently modified their holdings of the company. Old West Investment Management LLC lifted its holdings in Cameco by 10.4% during the third quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock worth $13,472,000 after acquiring an additional 26,584 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Cameco by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 902,640 shares of the basic materials company’s stock worth $43,169,000 after purchasing an additional 29,617 shares during the period. Cerity Partners LLC boosted its holdings in shares of Cameco by 78.8% in the 3rd quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company’s stock worth $999,000 after buying an additional 9,222 shares during the last quarter. Glenmede Trust Co. NA grew its position in Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after buying an additional 191 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cameco by 22.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 255,434 shares of the basic materials company’s stock worth $12,216,000 after buying an additional 47,230 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of NYSE:CCJ opened at $41.83 on Friday. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The stock has a market cap of $18.21 billion, a P/E ratio of 149.40 and a beta of 1.04. The company has a 50 day moving average of $46.42 and a 200 day moving average of $50.30.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average target price of $73.64.

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.