Y Intercept Hong Kong Ltd Purchases New Position in Cameco Co. (NYSE:CCJ)

Y Intercept Hong Kong Ltd purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 50,039 shares of the basic materials company’s stock, valued at approximately $2,572,000.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in Cameco in the fourth quarter worth about $25,000. Pingora Partners LLC bought a new stake in Cameco in the third quarter worth about $33,000. Compass Planning Associates Inc bought a new stake in Cameco in the fourth quarter worth about $36,000. First Horizon Advisors Inc. lifted its stake in Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Cameco in the third quarter worth about $38,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Cameco stock opened at $43.41 on Tuesday. The company has a market capitalization of $18.89 billion, a PE ratio of 155.02 and a beta of 0.94. The company has a 50 day moving average price of $50.79 and a 200-day moving average price of $49.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

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, meeting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $66.56.

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.