Massachusetts Financial Services Co. MA Increases Stock Holdings in Cameco Co. (NYSE:CCJ)

Massachusetts Financial Services Co. MA boosted its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,159,270 shares of the basic materials company's stock after purchasing an additional 8,165 shares during the period. Massachusetts Financial Services Co. MA owned about 0.50% of Cameco worth $110,965,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Cameco in the 4th quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco in the fourth quarter worth $28,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco during the 4th quarter valued at about $33,000. Compass Planning Associates Inc purchased a new position in Cameco in the 4th quarter worth approximately $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Cameco in the third quarter worth $38,000. Institutional investors own 70.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CCJ shares. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on shares of Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. 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. Finally, Desjardins started coverage on shares of Cameco in a research note on Friday. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $70.03.

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Cameco Trading Down 1.6 %

CCJ stock traded down $0.61 during trading on Monday, reaching $37.22. 4,482,485 shares of the stock were exchanged, compared to its average volume of 4,109,862. The business has a 50 day moving average price of $45.02 and a 200-day moving average price of $50.39. The firm has a market capitalization of $16.20 billion, a price-to-earnings ratio of 133.26 and a beta of 1.04. 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 $33.98 and a 1 year high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 net margin of 5.39% and a return on equity of 4.34%. On average, research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

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.