Robertson Opportunity Capital LLC reduced its stake in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 34.5% during the 4th quarter, Holdings Channel reports. The fund owned 157,776 shares of the basic materials company’s stock after selling 83,224 shares during the quarter. Cameco accounts for 0.9% of Robertson Opportunity Capital LLC’s portfolio, making the stock its 28th largest position. Robertson Opportunity Capital LLC’s holdings in Cameco were worth $1,456,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of CCJ. Crossmark Global Holdings Inc. acquired a new stake in Cameco during the 3rd quarter worth approximately $520,000. Stevens Capital Management LP purchased a new stake in shares of Cameco in the 3rd quarter valued at approximately $214,000. State of Wisconsin Investment Board increased its position in shares of Cameco by 10.0% in the 3rd quarter. State of Wisconsin Investment Board now owns 290,521 shares of the basic materials company’s stock valued at $2,799,000 after purchasing an additional 26,400 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Cameco by 45.4% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 57,455 shares of the basic materials company’s stock valued at $556,000 after purchasing an additional 17,927 shares during the last quarter. Finally, Advisor Group Inc. increased its position in shares of Cameco by 52.4% in the 3rd quarter. Advisor Group Inc. now owns 45,380 shares of the basic materials company’s stock valued at $439,000 after purchasing an additional 15,609 shares during the last quarter. Hedge funds and other institutional investors own 51.09% of the company’s stock.
Shares of Cameco Corp (NYSE:CCJ) opened at $9.21 on Wednesday. Cameco Corp has a 52-week low of $7.68 and a 52-week high of $11.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 5.20 and a quick ratio of 2.89. The company has a market cap of $3,650.00, a P/E ratio of -23.03, a price-to-earnings-growth ratio of 0.51 and a beta of 1.18.
CCJ has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Cameco from a “hold” rating to a “strong sell” rating in a research report on Monday, February 5th. ValuEngine raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday, March 7th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Cameco has an average rating of “Hold” and an average target price of $18.33.
Cameco Company Profile
Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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