American International Group Inc. acquired a new stake in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 16,563 shares of the basic materials company’s stock, valued at approximately $153,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. Quantbot Technologies LP acquired a new stake in Cameco during the 3rd quarter valued at approximately $109,000. Pinebridge Investments L.P. acquired a new stake in Cameco during the 3rd quarter valued at approximately $114,000. Rathbone Brothers plc acquired a new stake in Cameco during the 4th quarter valued at approximately $122,000. Candriam Luxembourg S.C.A. acquired a new stake in Cameco during the 4th quarter valued at approximately $132,000. Finally, Lourd Capital LLC acquired a new position in shares of Cameco in the 4th quarter valued at $194,000. Institutional investors and hedge funds own 51.07% of the company’s stock.
Shares of CCJ stock opened at $8.91 on Wednesday. Cameco Corp has a 1-year low of $7.68 and a 1-year high of $11.91. The stock has a market cap of $3,589.84, a price-to-earnings ratio of 69.77, a PEG ratio of 0.49 and a beta of 1.19. The company has a current ratio of 5.20, a quick ratio of 2.89 and a debt-to-equity ratio of 0.31.
Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Friday, February 9th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.07. The firm had revenue of $809.00 million for the quarter, compared to analysts’ expectations of $780.91 million. Cameco had a negative net margin of 9.72% and a positive return on equity of 1.24%. The company’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS. equities research analysts forecast that Cameco Corp will post 0.59 EPS for the current fiscal year.
CCJ has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Cameco from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 27th. ValuEngine raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Cameco has a consensus rating of “Hold” and an average price target of $18.33.
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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