Crestline Management LP Buys 92,628 Shares of Cameco Co. (NYSE:CCJ)

Crestline Management LP increased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 147.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 155,628 shares of the basic materials company’s stock after acquiring an additional 92,628 shares during the quarter. Crestline Management LP’s holdings in Cameco were worth $7,998,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in shares of Cameco in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in Cameco in the fourth quarter valued at approximately $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco during the fourth quarter valued at approximately $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco in the 4th quarter worth $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

NYSE:CCJ opened at $46.40 on Tuesday. The firm has a market cap of $20.20 billion, a PE ratio of 165.71 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The business has a 50 day moving average price of $42.18 and a 200-day moving average price of $49.07. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same quarter last year, the firm earned $0.13 EPS. The business’s revenue was up 24.4% on a year-over-year basis. Equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CCJ. Sanford C. Bernstein started coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target for the company. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, nine have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $70.03.

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.