Cameco Co. (NYSE:CCJ) (TSE:CCO) experienced an incredibly unusual situation in trading on Thursday as stock investors acquired 384,705 call options on the company in one day. This marked an increase of 1,490% compared to the typical daily volume of 24,198 call options. With such a surprising change in trading activity, it’s worth delving into the recent modifications to institutional investor and hedge fund holdings of CCJ.
Clearview Wealth Advisors LLC recently invested in Cameco by purchasing a new stake in shares of the company worth approximately $25,000 during the first quarter. Crewe Advisors LLC raised its holdings in Cameco by 1,175.8% during the fourth quarter by acquiring an additional 1,164 shares and taking its holdings of basic materials company’s stock to a value of $29,000. FNY Investment Advisers LLC also acquired a new stake in Cameco during the third quarter valued at about $31,000.
Larson Financial Group LLC lifted its stake in Cameco by 46.0% during the fourth quarter with the purchase of an additional 602 shares at a cost of $43,000 bringing their total shares to be 1,910 currently held for basic materials company’s stock. Finally, Bogart Wealth LLC bought into shares of Cameco with a new position worth approximately $47,000 during the third quarter. Hedge funds and other institutional investors currently own 53%+ of CCJ.
Research reports provided their views on CCJ lately as well with StockNews.com rating shares as “sell” on March 16th while TD Securities upgraded them to “buy” back on February 10th followed by Raymond James’ decision to increase their target price from C$45.00 to C$48.00 on February 10th too. Scotiabank then raised their target price on Cameco from C$43.00 to C$50.00 in a research note also released on February 10th.
Cameco Corp.’s business is focused around uranium with two distinct segments; the Uranium Segment is involved in exploration, mining and milling of uranium concentrate, while the Fuel Services segment engages with refining, conversion and fabrication of uranium concentrate including purchasing and selling conversion services. With all of these pieces of information it’s clear that CCJ has had an unexpected surge of interest from investors and requires further investigation to understand why it happened so quickly.
Cameco: Analyzing Key Metrics for Investment Strategy and Insights into Performance
On Friday, Cameco (NYSE:CCJ) (TSE:CCO) opened on the market at $26.39 per share, marking an interesting shift in the company’s stock valuation. With a 12-month low of $20.01 and a high of $31.81, analyzing this basic materials company is always complex yet provides deeper insights into its performance.
With a market capitalization of $11.43 billion and a P/E ratio of 155.24, it’s no surprise Cameco is the subject of much financial interest. Additionally, with a low PEG ratio at 0.39 and beta rate hovering around 0.94, this company possesses qualities that appeal to many investment market players.
However, one must keep in mind that these measures are only part indicators of success; operating ratios can provide better insight into a firm’s financial stability and liquidity position over time.
Cameco currently boasts an impressive current ratio of 5.92 along with a quick ratio of 4.74 which suggests their ability to meet short-term financial obligations remains healthy as they have enough liquid assets to meet those demands.
Furthermore, examining their debt-to-equity ratio could provide valuable information about the structure and long-term sustainability of their operations. Cameco has kept its debt equity relatively low at 0.17 making them less risky than competitors heavily indebted.
Taking information from all these different factors gives better visibility about how this business fundamentally operates using key metrics to evaluate performance which serves as foundational support for further analysis for investors who want to invest long term.
In February, Cameco released quarterly earnings data which revealed some important details; while earning per share missed analysts’ consensus estimates by ($0.02), overall revenue was strong – standing tall at $385 million for that quarter alone- providing comforting signals amid marketplace uncertainties caused by Covid-19 pandemic landscape which fueled investor optimism moving forward..
With many experts expecting the company to maintain an earning per share of 1.16 by year’s end, investors and industry insiders await with bated breath for any upcoming news about enhancements in production or international market movements; All factors that could help support Cameco’s position to become a leader in the global energy markets.
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