Headlands Technologies LLC Buys 10,190 Shares of Cameco Co. (NYSE:CCJ)

Headlands Technologies LLC grew its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 308.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,492 shares of the basic materials company’s stock after acquiring an additional 10,190 shares during the period. Headlands Technologies LLC’s holdings in Cameco were worth $693,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in Cameco by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after purchasing an additional 270,102 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after buying an additional 1,196,336 shares in the last quarter. Norges Bank bought a new position in Cameco in the 4th quarter worth approximately $188,595,000. AGF Management Ltd. boosted its holdings in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after buying an additional 1,193,266 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Cameco by 35.9% during the 4th quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company’s stock valued at $133,151,000 after acquiring an additional 685,145 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CCJ shares. Sanford C. Bernstein started coverage on Cameco in a report on Tuesday. They issued an “outperform” rating and a $52.00 price target for the company. Stifel Nicolaus initiated coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Glj Research increased their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Up 1.7 %

Shares of NYSE:CCJ opened at $42.49 on Thursday. The firm has a fifty day moving average of $45.70 and a 200 day moving average of $50.33. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm has a market capitalization of $18.50 billion, a PE ratio of 151.75 and a beta of 1.04.

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

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.