Hardman Johnston Global Advisors LLC Raises Position in Cameco Co. (NYSE:CCJ)

Hardman Johnston Global Advisors LLC grew its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 20.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,740 shares of the basic materials company’s stock after purchasing an additional 3,880 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Cameco were worth $1,169,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCJ. CIBC Asset Management Inc increased its position in shares of Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after acquiring an additional 1,386,639 shares during the period. M&G PLC acquired a new position in shares of Cameco in the 3rd quarter valued at $66,227,000. Segra Capital Management LLC acquired a new position in shares of Cameco in the 3rd quarter valued at $53,013,000. Fred Alger Management LLC increased its position in shares of Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after acquiring an additional 839,077 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after acquiring an additional 664,828 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ opened at $43.56 on Monday. The business’s 50-day moving average is $50.79 and its two-hundred day moving average is $49.75. The company has a market capitalization of $18.96 billion, a P/E ratio of 155.55 and a beta of 0.94. 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 Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Cameco Company 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.