Cameco Co. (NYSE:CCJ) Shares Purchased by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC boosted its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 19.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 616,951 shares of the basic materials company's stock after acquiring an additional 99,123 shares during the period. Cameco accounts for 0.4% of Horizon Kinetics Asset Management LLC's holdings, making the stock its 23rd biggest position. Horizon Kinetics Asset Management LLC owned 0.14% of Cameco worth $31,705,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CCJ. AGF Management Ltd. lifted its position in Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after acquiring an additional 1,193,266 shares during the period. Segra Capital Management LLC acquired a new stake in Cameco in the third quarter valued at approximately $53,013,000. Fred Alger Management LLC increased its holdings in Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company's stock worth $80,249,000 after acquiring an additional 839,077 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cameco during the fourth quarter worth about $34,440,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company's stock valued at $102,737,000 after acquiring an additional 664,828 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Stifel Nicolaus initiated coverage on shares of Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada restated an "outperform" rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Finally, StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Cameco has an average rating of "Buy" and a consensus target price of $73.64.

Cameco Stock Down 0.5 %

Shares of NYSE CCJ traded down $0.24 during midday trading on Friday, hitting $44.62. 2,990,101 shares of the company's stock were exchanged, compared to its average volume of 4,086,368. The company has a market cap of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm's fifty day simple moving average is $47.13 and its 200-day simple moving average is $49.99.

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, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Research analysts predict that Cameco Co. will post 1.27 EPS 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.