Headlands Technologies LLC Has $693,000 Holdings in Cameco Co. (NYSE:CCJ)

Headlands Technologies LLC grew its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 308.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,492 shares of the basic materials company’s stock after buying an additional 10,190 shares during the period. Headlands Technologies LLC’s holdings in Cameco were worth $693,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in Cameco by 31.8% during the fourth quarter. Geode Capital Management LLC now owns 2,518,655 shares of the basic materials company’s stock worth $130,550,000 after acquiring an additional 607,041 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in shares of Cameco during the 4th quarter worth about $483,000. Franklin Resources Inc. grew its stake in shares of Cameco by 37.1% in the 4th quarter. Franklin Resources Inc. now owns 171,612 shares of the basic materials company’s stock valued at $8,814,000 after buying an additional 46,440 shares during the period. Summit Financial LLC increased its position in Cameco by 260.0% in the 4th quarter. Summit Financial LLC now owns 150,172 shares of the basic materials company’s stock valued at $7,717,000 after buying an additional 108,454 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock worth $518,443,000 after buying an additional 1,196,336 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cameco Stock Up 1.7 %

CCJ opened at $42.49 on Thursday. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The firm has a market capitalization of $18.50 billion, a P/E ratio of 151.75 and a beta of 1.04. The company’s 50-day moving average is $45.70 and its 200 day moving average is $50.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Research analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal 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.