Union Bancaire Privee UBP SA Invests $1.42 Million in Cameco Co. (NYSE:CCJ)

Union Bancaire Privee UBP SA bought a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 28,852 shares of the basic materials company’s stock, valued at approximately $1,420,000.

Several other large investors also recently added to or reduced their stakes in CCJ. CIBC Asset Management Inc increased its stake 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 acquiring an additional 1,386,639 shares during the last quarter. M&G PLC bought a new stake in Cameco during the third quarter worth approximately $66,227,000. Segra Capital Management LLC bought a new stake in Cameco during the third quarter worth approximately $53,013,000. Fred Alger Management LLC increased its stake in Cameco by 99.7% during the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after acquiring an additional 839,077 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Trading Down 6.4 %

CCJ opened at $43.56 on Monday. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of 155.55 and a beta of 0.94. The stock’s 50 day moving average price is $50.79 and its 200-day moving average price is $49.75. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. 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 released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates 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 return on equity of 4.34% and a net margin of 5.39%. On average, equities analysts forecast that Cameco Co. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $66.56.

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.