Assenagon Asset Management S.A. Invests $540,000 in Cameco Corp (NYSE:CCJ)

Assenagon Asset Management S.A. purchased a new position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) in the 3rd quarter, Holdings Channel.com reports. The firm purchased 56,865 shares of the basic materials company’s stock, valued at approximately $540,000.

Several other institutional investors also recently added to or reduced their stakes in CCJ. Beutel Goodman & Co Ltd. raised its stake in shares of Cameco by 5.5% during the second quarter. Beutel Goodman & Co Ltd. now owns 22,637,205 shares of the basic materials company’s stock worth $242,692,000 after purchasing an additional 1,189,192 shares during the last quarter. MUFG Securities EMEA plc purchased a new stake in shares of Cameco during the second quarter worth approximately $11,803,000. Manning & Napier Group LLC raised its stake in shares of Cameco by 55.2% during the second quarter. Manning & Napier Group LLC now owns 2,814,428 shares of the basic materials company’s stock worth $30,197,000 after purchasing an additional 1,001,155 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Cameco by 576.1% during the second quarter. Renaissance Technologies LLC now owns 965,400 shares of the basic materials company’s stock worth $10,359,000 after purchasing an additional 822,600 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Cameco by 14.0% during the second quarter. Russell Investments Group Ltd. now owns 5,165,089 shares of the basic materials company’s stock worth $55,365,000 after purchasing an additional 634,258 shares during the last quarter. Institutional investors and hedge funds own 52.75% of the company’s stock.

Several equities research analysts have recently commented on CCJ shares. ValuEngine upgraded Cameco from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. Zacks Investment Research cut Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Cameco currently has an average rating of “Hold” and an average price target of $14.00.

NYSE:CCJ opened at $9.11 on Wednesday. The stock has a fifty day moving average price of $9.33 and a two-hundred day moving average price of $9.96. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 22.78 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.74 and a current ratio of 2.59. Cameco Corp has a 1 year low of $8.03 and a 1 year high of $13.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, July 25th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). The business had revenue of $388.00 million during the quarter, compared to analysts’ expectations of $360.50 million. Cameco had a return on equity of 3.37% and a net margin of 7.37%. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, analysts predict that Cameco Corp will post -0.05 EPS for the current year.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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