Cameco Sees Unusually High Options Volume (NYSE:CCJ)

Cameco Co. (NYSE:CCJ) (TSE:CCO) was the target of some unusual options trading on Thursday. Stock traders acquired 28,210 put options on the stock. This represents an increase of approximately 942% compared to the typical volume of 2,706 put options.

Institutional Investors Weigh In On Cameco

Several large investors have recently added to or reduced their stakes in CCJ. Sierra Ocean LLC purchased a new position in shares of Cameco in the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco in the fourth quarter worth $28,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares during the period. Whipplewood Advisors LLC bought a new position in Cameco during the fourth quarter valued at $33,000. Finally, Pingora Partners LLC purchased a new stake in shares of Cameco in the third quarter valued at $33,000. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 2.6 %

CCJ stock opened at $49.97 on Friday. The firm has a fifty day moving average price of $53.07 and a 200 day moving average price of $49.35. Cameco has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The firm has a market cap of $21.75 billion, a PE ratio of 263.02 and a beta of 0.94. 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 issued its quarterly earnings data 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). Cameco had a return on equity of 3.33% and a net margin of 4.15%. The business had revenue of $721.00 million during the quarter, compared to analysts’ expectations of $646.83 million. During the same period in the previous year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 25.4% on a year-over-year basis. Sell-side analysts anticipate that Cameco will post 0.47 earnings per share for the current fiscal year.

About Cameco

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.