Federated Hermes Inc. Boosts Stock Position in Cameco Co. (NYSE:CCJ)

Federated Hermes Inc. boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 41.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,197 shares of the basic materials company’s stock after purchasing an additional 81,599 shares during the period. Federated Hermes Inc.’s holdings in Cameco were worth $11,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FMR LLC boosted its position in Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after purchasing an additional 4,865,085 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cameco by 1.5% in the third quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock valued at $616,343,000 after buying an additional 236,212 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cameco by 6.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock valued at $581,558,000 after buying an additional 869,404 shares during the period. Morgan Stanley raised its stake in shares of Cameco by 5.8% in the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock valued at $307,300,000 after buying an additional 428,310 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Cameco by 74.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after buying an additional 2,442,190 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE:CCJ opened at $48.68 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. Cameco Co. has a 52-week low of $25.35 and a 52-week high of $52.64. The firm has a market cap of $21.14 billion, a price-to-earnings ratio of 81.13 and a beta of 0.92. The business’s fifty day moving average is $44.02 and its 200 day moving average is $43.78.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The company had revenue of $620.00 million for the quarter. Research analysts predict that Cameco Co. will post 1.55 EPS for the current year.

Analyst Ratings Changes

CCJ has been the topic of several research reports. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.75.

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.