Ausbil Investment Management Ltd Acquires 16,000 Shares of Cameco Co. (NYSE:CCJ)

Ausbil Investment Management Ltd raised its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1,066.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,500 shares of the basic materials company’s stock after buying an additional 16,000 shares during the quarter. Ausbil Investment Management Ltd’s holdings in Cameco were worth $836,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CCJ. LRI Investments LLC purchased a new position in Cameco during the 1st quarter valued at $26,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares in the last quarter. Larson Financial Group LLC lifted its holdings in Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares during the period. Blue Trust Inc. boosted its position in Cameco by 68.8% during the 3rd quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 642 shares in the last quarter. Finally, Crewe Advisors LLC purchased a new position in shares of Cameco during the 1st quarter worth approximately $87,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 1.1 %

NYSE CCJ traded down $0.60 during mid-day trading on Thursday, reaching $53.48. The stock had a trading volume of 2,133,669 shares, compared to its average volume of 4,412,618. The stock has a market cap of $23.27 billion, a PE ratio of 138.18 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72. The company has a fifty day moving average price of $45.43 and a 200 day moving average price of $47.81.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. Cameco’s quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. On average, research analysts expect that Cameco Co. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 31st. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Bank of America upped their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. Finally, Glj Research reissued a “buy” rating and issued a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus 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.