Inlight Wealth Management LLC Takes Position in Cameco Co. (NYSE:CCJ)

Inlight Wealth Management LLC purchased a new position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 68,295 shares of the basic materials company's stock, valued at approximately $3,510,000. Cameco accounts for about 1.1% of Inlight Wealth Management LLC's portfolio, making the stock its 19th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Sierra Ocean LLC bought a new position in shares of Cameco in the fourth quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco in the 4th quarter worth $28,000. Whipplewood Advisors LLC purchased a new stake in Cameco in the 4th quarter worth $33,000. Finally, Compass Planning Associates Inc bought a new stake in Cameco during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Trading Down 0.4 %

Shares of NYSE CCJ traded down $0.17 during trading hours on Tuesday, hitting $41.14. 1,145,191 shares of the company traded hands, compared to its average volume of 4,093,435. The stock has a market capitalization of $17.91 billion, a price-to-earnings ratio of 146.93 and a beta of 1.04. The company's 50 day moving average price is $43.36 and its 200 day moving average price is $49.97. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

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Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share 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 business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCJ. Sanford C. Bernstein initiated coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 target price for the company. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Desjardins assumed coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Finally, Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Cameco presently has an average rating of "Buy" and a consensus price target of $70.03.

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.