Jennison Associates LLC Acquires 1,457 Shares of Cameco Co. (NYSE:CCJ)

Jennison Associates LLC raised its holdings in shares of Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 0.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 705,294 shares of the basic materials company’s stock after purchasing an additional 1,457 shares during the period. Jennison Associates LLC owned 0.16% of Cameco worth $30,553,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC increased its stake in shares of Cameco by 235.3% during the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 400 shares in the last quarter. Principal Securities Inc. bought a new stake in shares of Cameco during the fourth quarter valued at approximately $29,000. Versant Capital Management Inc bought a new stake in shares of Cameco during the fourth quarter valued at approximately $34,000. Sandy Spring Bank bought a new stake in shares of Cameco during the fourth quarter valued at approximately $43,000. Finally, Lindbrook Capital LLC increased its position in shares of Cameco by 26.0% during the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after acquiring an additional 221 shares in the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 0.5 %

Shares of Cameco stock opened at $48.99 on Wednesday. The company’s fifty day simple moving average is $51.55 and its 200-day simple moving average is $47.27. The stock has a market capitalization of $21.31 billion, a PE ratio of 125.62 and a beta of 0.91. Cameco Co. has a 1-year low of $29.38 and a 1-year high of $56.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The business had revenue of $470.29 million for the quarter. As a group, equities analysts anticipate that Cameco Co. will post 1.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of several analyst reports. Bank of America raised their price target on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research report on Wednesday, June 26th. The Goldman Sachs Group lifted their target price on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $63.70.

Get Our Latest Report on CCJ

About Cameco

(Free Report)

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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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