Cameco Corporation (USA) (CCJ) : Point72 Asia (singapore) Pte. Ltd. has sold out all of its stake in Cameco Corporation (USA) during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 2,100,000 shares of Cameco Corporation (USA) which is valued at $20,454,000.
Other Hedge Funds, Including , National Asset Management added CCJ to its portfolio by purchasing 11,371 company shares during the most recent quarter which is valued at $110,754. Cameco Corporation (USA) makes up approx 0.02% of National Asset Management’s portfolio.Southport Management L.l.c. boosted its stake in CCJ in the latest quarter, The investment management firm added 10,000 additional shares and now holds a total of 50,000 shares of Cameco Corporation (USA) which is valued at $487,000. Cameco Corporation (USA) makes up approx 0.95% of Southport Management L.l.c.’s portfolio. Nine Chapters Capital Management sold out all of its stake in CCJ during the most recent quarter. The investment firm sold 39,300 shares of CCJ which is valued $380,817.Global X Management Co reduced its stake in CCJ by selling 102,608 shares or 4.18% in the most recent quarter. The Hedge Fund company now holds 2,350,560 shares of CCJ which is valued at $22,988,477. Cameco Corporation (USA) makes up approx 1.11% of Global X Management Co’s portfolio.
Cameco Corporation (USA) closed down -0.09 points or -0.98% at $9.13 with 35,26,652 shares getting traded on Thursday. Post opening the session at $9.19, the shares hit an intraday low of $9.05 and an intraday high of $9.22 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Cameco Corporation (USA) reported $-0.14 EPS for the quarter, missing the analyst consensus estimate by $ -0.30 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.16. The company had revenue of $466.00 million for the quarter, compared to analysts expectations of $568.78 million. The company’s revenue was down -17.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.12 EPS.
Many Wall Street Analysts have commented on Cameco Corporation (USA). Shares were Reiterated by RBC Capital Mkts on Aug 10, 2016 to “Outperform” and Lowered the Price Target to $ 15 from a previous price target of $17 .Shares were Reiterated by RBC Capital Mkts on Jul 26, 2016 to “Outperform” and Lowered the Price Target to $ 17 from a previous price target of $20 .Cameco Corporation (USA) was Downgraded by BofA/Merrill to ” Underperform” on Jul 21, 2016.
Cameco Corporation (Cameco) is 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. The uranium segment involves the exploration for mining milling purchase and sale of uranium concentrate. The fuel services segment involves the refining conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The NUKEM segment acts as a market intermediary between uranium producers and nuclear-electric utilities. Cameco conducts a portion of its exploration development mining and milling activities through joint operations located around the world. Cameco’s Canadian uranium joint operation interests are McArthur River Key Lake and Cigar Lake.