Bosun Asset Management LLC Acquires 6,919 Shares of Cameco Co. (NYSE:CCJ)

Bosun Asset Management LLC increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 26.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,457 shares of the basic materials company’s stock after acquiring an additional 6,919 shares during the quarter. Bosun Asset Management LLC’s holdings in Cameco were worth $1,719,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Cameco during the 4th quarter worth $25,000. Hurley Capital LLC purchased a new stake in Cameco during the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco in the fourth quarter worth about $28,000. Whipplewood Advisors LLC purchased a new position in Cameco in the fourth quarter valued at about $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 1.3 %

CCJ stock opened at $46.40 on Tuesday. The stock has a 50-day simple moving average of $42.18 and a two-hundred day simple moving average of $49.07. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The firm has a market capitalization of $20.20 billion, a PE ratio of 165.71 and a beta of 0.89. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. During the same period in the prior year, the firm posted $0.13 EPS. Cameco’s revenue was up 24.4% on a year-over-year basis. On average, equities analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

CCJ has been the topic of several research analyst reports. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Desjardins began coverage on Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. Glj Research upped 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, Sanford C. Bernstein began coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $70.03.

About Cameco

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.