Madison Investment Advisors LLC Acquires New Holdings in Cameco Co. (NYSE:CCJ)

Madison Investment Advisors LLC acquired a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 60,932 shares of the basic materials company's stock, valued at approximately $3,131,000.

Other large investors have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in Cameco in the 4th quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco in the fourth quarter valued at $28,000. Pingora Partners LLC purchased a new stake in shares of Cameco in the third quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new stake in shares of Cameco during the fourth quarter worth about $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco during the fourth quarter worth about $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $73.64.

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Cameco Price Performance

Shares of NYSE:CCJ traded down $0.24 on Tuesday, reaching $43.09. 2,387,227 shares of the company were exchanged, compared to its average volume of 4,088,565. The company has a 50-day moving average of $47.57 and a 200-day moving average of $50.05. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $18.76 billion, a price-to-earnings ratio of 153.90 and a beta of 1.04. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. Equities analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.