LPL Financial LLC boosted its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,009 shares of the basic materials company's stock after purchasing an additional 35,230 shares during the period. LPL Financial LLC owned about 0.06% of Cameco worth $12,642,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Old West Investment Management LLC increased its position in shares of Cameco by 10.4% during the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company's stock worth $13,472,000 after purchasing an additional 26,584 shares during the last quarter. Cerity Partners LLC increased its holdings in Cameco by 78.8% during the third quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company's stock worth $999,000 after buying an additional 9,222 shares during the last quarter. Glenmede Trust Co. NA raised its position in Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after acquiring an additional 191 shares in the last quarter. Public Sector Pension Investment Board grew its position in shares of Cameco by 16.1% in the 3rd quarter. Public Sector Pension Investment Board now owns 68,359 shares of the basic materials company's stock valued at $3,269,000 after acquiring an additional 9,489 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cameco by 11.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 706,755 shares of the basic materials company's stock worth $33,755,000 after purchasing an additional 70,454 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Cameco Stock Performance
Cameco stock traded down $3.12 during midday trading on Friday, hitting $37.80. The company's stock had a trading volume of 9,417,889 shares, compared to its average volume of 4,107,877. 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 company has a market cap of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a 50-day moving average price of $45.02 and a two-hundred day moving average price of $50.39.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, sell-side analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a "buy" rating for the company. Desjardins initiated coverage on Cameco in a research note on Friday. They set a "buy" rating for the company. Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target on the stock. Glj Research lifted their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, StockNews.com lowered shares of Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Cameco has a consensus rating of "Buy" and a consensus target price of $70.03.
Read Our Latest Research Report on Cameco
Cameco Company Profile
(
Free Report)
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.
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