Allspring Global Investments Holdings LLC Makes New Investment in Cameco Co. (NYSE:CCJ)

Allspring Global Investments Holdings LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 89,134 shares of the basic materials company’s stock, valued at approximately $4,647,000.

A number of other institutional investors also recently modified their holdings of CCJ. CIBC Asset Management Inc raised its holdings 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 period. Bridgewater Associates LP grew its position in shares of Cameco by 19.9% in the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after purchasing an additional 410,711 shares in the last quarter. Progeny 3 Inc. raised its stake in shares of Cameco by 7.5% during the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after purchasing an additional 159,200 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Cameco by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after purchasing an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after purchasing an additional 664,828 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 0.5 %

CCJ stock opened at $46.34 on Friday. The stock has a 50-day simple moving average of $51.19 and a two-hundred day simple moving average of $49.64. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The firm has a market capitalization of $20.17 billion, a PE ratio of 243.89 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. On average, equities analysts predict that Cameco Co. will post 0.42 EPS for the current fiscal year.

Cameco 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.