Trexquant Investment LP Acquires 27,260 Shares of Cameco Co. (NYSE:CCJ)

Trexquant Investment LP grew its holdings in Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 99.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 54,749 shares of the basic materials company’s stock after acquiring an additional 27,260 shares during the quarter. Trexquant Investment LP’s holdings in Cameco were worth $1,451,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. bought a new stake in shares of Cameco in the third quarter valued at about $6,846,000. FNY Investment Advisers LLC bought a new stake in shares of Cameco in the third quarter valued at about $31,000. Cigna Investments Inc. New bought a new stake in Cameco during the third quarter worth about $210,000. Clear Sky Advisers LLC lifted its position in Cameco by 763.2% during the second quarter. Clear Sky Advisers LLC now owns 101,000 shares of the basic materials company’s stock worth $2,123,000 after purchasing an additional 89,300 shares during the period. Finally, Financial Sense Advisors Inc. lifted its position in Cameco by 10.9% during the third quarter. Financial Sense Advisors Inc. now owns 219,782 shares of the basic materials company’s stock worth $5,826,000 after purchasing an additional 21,607 shares during the period. Institutional investors own 53.82% of the company’s stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCJ shares. Scotiabank upped their price objective on shares of Cameco from C$43.00 to C$50.00 in a research report on Friday, February 10th. Raymond James upped their price objective on shares of Cameco from C$45.00 to C$48.00 in a research report on Friday, February 10th. Finally, TD Securities raised shares of Cameco to a “buy” rating in a research report on Friday, February 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, Cameco has a consensus rating of “Moderate Buy” and an average target price of $45.14.

Cameco Stock Performance

Cameco stock opened at $25.45 on Monday. The business has a 50 day moving average of $26.78 and a 200-day moving average of $25.57. Cameco Co. has a 1 year low of $20.01 and a 1 year high of $32.49. The company has a debt-to-equity ratio of 0.17, a current ratio of 5.92 and a quick ratio of 4.74. The company has a market capitalization of $11.02 billion, a P/E ratio of 149.71 and a beta of 0.95.

Cameco Profile

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Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

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