Jennison Associates LLC Has $30.34 Million Stock Position in Cameco Co. (NYSE:CCJ)

Jennison Associates LLC lifted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 703,837 shares of the basic materials company’s stock after acquiring an additional 42,819 shares during the quarter. Jennison Associates LLC owned approximately 0.16% of Cameco worth $30,335,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP increased its position in shares of Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 682 shares during the last quarter. Versant Capital Management Inc acquired a new position in Cameco during the fourth quarter worth approximately $34,000. Sandy Spring Bank acquired a new position in Cameco during the fourth quarter worth approximately $43,000. Blue Trust Inc. increased its position in Cameco by 57.5% during the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock worth $57,000 after buying an additional 521 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in Cameco during the fourth quarter worth approximately $106,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CCJ shares. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Stock Up 0.2 %

NYSE CCJ opened at $48.76 on Thursday. The business has a fifty day moving average price of $44.15 and a two-hundred day moving average price of $43.81. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. Cameco Co. has a fifty-two week low of $25.42 and a fifty-two week high of $52.64. The stock has a market capitalization of $21.17 billion, a PE ratio of 81.27 and a beta of 0.92.

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

About Cameco

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.