Arlington Capital Management Inc. Invests $1.05 Million in Cameco Co. (NYSE:CCJ)

Arlington Capital Management Inc. purchased a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 24,316 shares of the basic materials company’s stock, valued at approximately $1,048,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Cameco by 37.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 280,118 shares of the basic materials company’s stock valued at $11,165,000 after buying an additional 76,624 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cameco by 0.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,553,350 shares of the basic materials company’s stock valued at $500,370,000 after purchasing an additional 110,239 shares during the period. Advisor Partners II LLC boosted its holdings in Cameco by 3.7% in the 3rd quarter. Advisor Partners II LLC now owns 12,507 shares of the basic materials company’s stock worth $496,000 after buying an additional 452 shares during the period. Henry James International Management Inc. raised its holdings in Cameco by 9.7% during the third quarter. Henry James International Management Inc. now owns 11,415 shares of the basic materials company’s stock valued at $452,000 after acquiring an additional 1,011 shares during the period. Finally, Joule Financial LLC lifted its position in shares of Cameco by 6.7% in the third quarter. Joule Financial LLC now owns 16,129 shares of the basic materials company’s stock valued at $639,000 after acquiring an additional 1,016 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCJ has been the topic of several recent analyst reports. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group started coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.75.

Cameco Stock Up 2.7 %

NYSE CCJ traded up $1.39 during midday trading on Thursday, hitting $51.95. 1,197,807 shares of the company traded hands, compared to its average volume of 5,008,811. Cameco Co. has a 52 week low of $26.15 and a 52 week high of $52.80. The company has a market cap of $22.56 billion, a PE ratio of 129.64 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The company’s 50-day simple moving average is $45.66 and its 200-day simple moving average is $44.63.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The firm had revenue of $620.00 million during the quarter. As a group, equities research analysts forecast that Cameco Co. will post 1.37 earnings per share for the current year.

Cameco 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.