BayBridge Capital Group LLC Grows Stock Position in Cameco Co. (NYSE:CCJ)

BayBridge Capital Group LLC raised its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,803 shares of the basic materials company’s stock after acquiring an additional 511 shares during the quarter. BayBridge Capital Group LLC’s holdings in Cameco were worth $607,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Dantai Capital Ltd raised its position in shares of Cameco by 44.2% during the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC acquired a new position in shares of Cameco in the fourth quarter worth $895,000. Whalen Wealth Management Inc. purchased a new stake in shares of Cameco in the fourth quarter valued at $445,000. iA Global Asset Management Inc. acquired a new stake in shares of Cameco during the third quarter valued at $5,305,000. Finally, Telemark Asset Management LLC increased its position in Cameco by 8.3% during the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 2.6 %

Shares of CCJ stock opened at $49.97 on Friday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 263.02 and a beta of 0.94. The firm has a 50-day moving average price of $53.07 and a 200 day moving average price of $49.35. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.40). The firm had revenue of $721.00 million for the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 EPS. Research analysts forecast that Cameco Co. will post 0.47 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.