Cameco Co. (NYSE:CCJ) Shares Acquired by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC boosted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1,283.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 196,205 shares of the basic materials company’s stock after buying an additional 182,021 shares during the period. Frontier Capital Management Co. LLC’s holdings in Cameco were worth $10,083,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Cameco during the fourth quarter worth $188,595,000. FMR LLC lifted its stake in Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares in the last quarter. Driehaus Capital Management LLC boosted its holdings in Cameco by 120.2% during the 4th quarter. Driehaus Capital Management LLC now owns 2,245,539 shares of the basic materials company’s stock valued at $115,398,000 after acquiring an additional 1,225,966 shares during the period. Alliancebernstein L.P. grew its position in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after acquiring an additional 1,196,336 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after purchasing an additional 1,193,266 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $50.76 on Friday. The company has a fifty day moving average of $42.74 and a two-hundred day moving average of $48.97. 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 Co. has a 1 year low of $35.00 and a 1 year high of $62.55. The company has a market capitalization of $22.10 billion, a PE ratio of 181.29 and a beta of 0.89.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. During the same quarter in the prior year, the business earned $0.13 EPS. The company’s quarterly revenue was up 24.4% compared to the same quarter last year. As a group, analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCJ. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. Stifel Nicolaus started coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Sanford C. Bernstein started coverage on Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 price objective for the company. Finally, Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $70.03.

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.