Alpha Paradigm Partners LLC Takes Position in Cameco Co. (NYSE:CCJ)

Alpha Paradigm Partners LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 14,236 shares of the basic materials company’s stock, valued at approximately $273,000.

Several other institutional investors also recently added to or reduced their stakes in CCJ. K.J. Harrison & Partners Inc lifted its position in shares of Cameco by 0.6% in the second quarter. K.J. Harrison & Partners Inc now owns 95,712 shares of the basic materials company’s stock worth $1,836,000 after purchasing an additional 606 shares in the last quarter. HBK Sorce Advisory LLC lifted its position in shares of Cameco by 5.5% in the first quarter. HBK Sorce Advisory LLC now owns 15,399 shares of the basic materials company’s stock worth $256,000 after purchasing an additional 808 shares in the last quarter. Moors & Cabot Inc. lifted its position in shares of Cameco by 5.3% in the first quarter. Moors & Cabot Inc. now owns 19,886 shares of the basic materials company’s stock worth $329,000 after purchasing an additional 1,000 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of Cameco by 114.2% in the first quarter. Captrust Financial Advisors now owns 2,622 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 1,398 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Cameco by 543.6% in the second quarter. Fifth Third Bancorp now owns 1,757 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 1,484 shares in the last quarter. Institutional investors own 60.11% of the company’s stock.

CCJ has been the topic of a number of research reports. Royal Bank of Canada raised shares of Cameco from an “underperform” rating to a “sector perform” rating in a research report on Thursday, September 2nd. Zacks Investment Research raised shares of Cameco from a “strong sell” rating to a “hold” rating in a research report on Thursday, September 16th. Canaccord Genuity boosted their price objective on shares of Cameco from C$27.00 to C$34.00 and gave the stock a “buy” rating in a research report on Thursday, September 23rd. Scotiabank boosted their price objective on shares of Cameco from C$27.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, TD Securities raised shares of Cameco from a “hold” rating to a “buy” rating and set a C$35.00 price target on the stock in a research report on Tuesday, September 28th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $28.43.

NYSE CCJ opened at $25.64 on Thursday. The company has a current ratio of 7.94, a quick ratio of 5.98 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $20.22 and its two-hundred day moving average price is $19.08. Cameco Co. has a 1 year low of $9.01 and a 1 year high of $26.57. The firm has a market capitalization of $10.20 billion, a P/E ratio of -641.00 and a beta of 1.03.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Tuesday, July 27th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.12). Cameco had a negative return on equity of 1.97% and a negative net margin of 1.50%. The firm had revenue of $292.25 million for the quarter. On average, research analysts anticipate that Cameco Co. will post -0.14 EPS for the current fiscal year.

About Cameco

Cameco Corp. engages in the provision of uranium. The company operates through the following segments: Uranium and Fuel Services. The Uranium segment involves the exploration for, mining, milling, purchase and sale of uranium concentrate. The Fuel Services segment involves the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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