Mariner LLC Boosts Stock Position in Cameco Co. (NYSE:CCJ)

Mariner LLC increased its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 30.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,628 shares of the basic materials company's stock after acquiring an additional 11,422 shares during the quarter. Mariner LLC's holdings in Cameco were worth $2,499,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC boosted its stake in shares of Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after acquiring an additional 226 shares during the period. Heritage Wealth Management Inc. lifted its holdings in Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after purchasing an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after purchasing an additional 267 shares during the period. EdgeRock Capital LLC grew its holdings in Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after buying an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE raised its position in shares of Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after buying an additional 300 shares during the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Trading Up 1.3 %

Shares of Cameco stock opened at $40.12 on Wednesday. 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 stock's 50 day simple moving average is $42.30 and its 200-day simple moving average is $49.59. The stock has a market cap of $17.46 billion, a P/E ratio of 143.27 and a beta of 1.04. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55.

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 firm had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CCJ. Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Finally, Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $70.03.

About Cameco

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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