Tobam Increases Stock Holdings in Cameco Co. (NYSE:CCJ)

Tobam grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,674 shares of the basic materials company’s stock after buying an additional 1,207 shares during the period. Tobam’s holdings in Cameco were worth $703,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. CIBC Asset Management Inc increased its position in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the period. M&G PLC purchased a new position in shares of Cameco during the third quarter worth approximately $66,227,000. Segra Capital Management LLC acquired a new position in shares of Cameco in the 3rd quarter valued at $53,013,000. Fred Alger Management LLC raised its position in Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after purchasing an additional 839,077 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Cameco by 44.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after purchasing an additional 664,828 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ opened at $48.68 on Friday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The stock has a market capitalization of $21.19 billion, a price-to-earnings ratio of 256.24 and a beta of 0.94. The company has a 50-day simple moving average of $53.25 and a 200-day simple moving average of $49.35. 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 (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The company had revenue of $721.00 million for the quarter, compared to analyst estimates of $646.83 million. During the same period in the previous year, the business posted $0.24 earnings per share. The firm’s revenue was up 25.4% compared to the same quarter last year. On average, analysts predict that Cameco Co. will post 0.47 EPS for the current 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.