Cameco Sees Unusually High Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 28,210 put options on the company. This represents an increase of 942% compared to the typical daily volume of 2,706 put options.

Cameco Trading Down 3.3 %

CCJ opened at $48.68 on Friday. The business’s 50-day simple moving average is $53.25 and its 200-day simple moving average is $49.35. The company has a market cap of $21.19 billion, a P/E ratio of 256.24 and a beta of 0.94. Cameco has a one year low of $35.43 and a one year high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The company had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company’s quarterly revenue was up 25.4% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. As a group, equities research analysts expect that Cameco will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Cameco

Several large investors have recently modified their holdings of CCJ. CIBC Asset Management Inc raised its stake in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after acquiring an additional 1,386,639 shares during the last quarter. M&G PLC acquired a new position in shares of Cameco in the third quarter valued at approximately $66,227,000. Segra Capital Management LLC purchased a new stake in shares of Cameco during the third quarter worth approximately $53,013,000. Fred Alger Management LLC lifted its holdings in shares of Cameco by 99.7% during the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after purchasing an additional 839,077 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in Cameco in the 4th quarter valued at $34,440,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Company Profile

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.