Alpine Woods Capital Investors LLC Invests $1.44 Million in Cameco Co. (NYSE:CCJ)

Alpine Woods Capital Investors LLC bought a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 28,000 shares of the basic materials company's stock, valued at approximately $1,439,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC purchased a new position in shares of Cameco during the 4th quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco during the 4th quarter worth about $28,000. Pingora Partners LLC purchased a new position in shares of Cameco during the 3rd quarter worth about $33,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the 4th quarter worth about $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco during the 4th quarter worth about $36,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 0.5 %

NYSE:CCJ traded down $0.24 during trading hours on Tuesday, hitting $43.09. The stock had a trading volume of 2,387,227 shares, compared to its average volume of 4,088,575. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The business has a 50 day simple moving average of $47.57 and a two-hundred day simple moving average of $50.05. The company has a market cap of $18.76 billion, a PE ratio of 153.90 and a beta of 1.04.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $1.09 billion. Analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the topic of several recent analyst reports. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Glj Research raised their price target on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. StockNews.com lowered shares of Cameco from a "hold" rating to a "sell" rating in a report on Tuesday, March 11th. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $73.64.

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.