Union Bancaire Privee UBP SA Purchases New Position in Cameco Co. (NYSE:CCJ)

Union Bancaire Privee UBP SA purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 28,852 shares of the basic materials company’s stock, valued at approximately $1,420,000.

A number of other large investors have also recently modified their holdings of the company. Dantai Capital Ltd lifted its holdings in Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after buying an additional 17,560 shares during the period. Roberts Wealth Advisors LLC purchased a new stake in Cameco during the fourth quarter worth $895,000. Whalen Wealth Management Inc. purchased a new stake in Cameco during the fourth quarter worth $445,000. iA Global Asset Management Inc. purchased a new stake in Cameco during the third quarter worth $5,305,000. Finally, Telemark Asset Management LLC lifted its holdings in Cameco by 8.3% during the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after buying an additional 100,000 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a report on Friday. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Performance

Shares of CCJ stock opened at $43.56 on Monday. The business’s fifty day simple moving average is $50.79 and its 200-day simple moving average is $49.75. The company has a market cap of $18.96 billion, a PE ratio of 155.55 and a beta of 0.94. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results 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. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

About Cameco

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.