Trexquant Investment LP lessened its holdings in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 70.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,398 shares of the basic materials company’s stock after selling 63,059 shares during the quarter. Trexquant Investment LP’s holdings in Cameco were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. increased its stake in Cameco by 39.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,327,039 shares of the basic materials company’s stock valued at $71,179,000 after purchasing an additional 1,779,069 shares in the last quarter. Exor Investments UK LLP increased its stake in Cameco by 31.7% during the 2nd quarter. Exor Investments UK LLP now owns 5,967,410 shares of the basic materials company’s stock valued at $67,133,000 after purchasing an additional 1,435,286 shares in the last quarter. CIBC World Markets Inc. increased its stake in Cameco by 7.4% during the 1st quarter. CIBC World Markets Inc. now owns 5,116,709 shares of the basic materials company’s stock valued at $46,511,000 after purchasing an additional 353,761 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Cameco by 71.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,809,063 shares of the basic materials company’s stock valued at $42,826,000 after purchasing an additional 1,593,300 shares in the last quarter. Finally, Toronto Dominion Bank increased its stake in Cameco by 101.4% during the 2nd quarter. Toronto Dominion Bank now owns 2,217,695 shares of the basic materials company’s stock valued at $24,693,000 after purchasing an additional 1,116,361 shares in the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

CCJ opened at $10.38 on Friday. The company has a current ratio of 6.16, a quick ratio of 3.58 and a debt-to-equity ratio of 0.31. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 45.35 and a beta of 1.09. Cameco Corp has a 1 year low of $7.68 and a 1 year high of $12.19.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, July 25th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.06). The firm had revenue of $333.00 million for the quarter, compared to analysts’ expectations of $392.80 million. Cameco had a positive return on equity of 1.61% and a negative net margin of 10.03%. Cameco’s revenue was down 29.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.11) earnings per share. analysts expect that Cameco Corp will post 0.26 EPS for the current fiscal year.

CCJ has been the subject of a number of recent research reports. TD Securities lowered shares of Cameco from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Royal Bank of Canada lowered shares of Cameco from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 22nd. BMO Capital Markets lowered shares of Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 price target for the company. in a research note on Thursday, July 26th. Finally, TheStreet lowered shares of Cameco from a “c” rating to a “d+” rating in a research note on Monday, July 30th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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