Capital Advisors Inc. OK Acquires 185,162 Shares of Cameco Co. (NYSE:CCJ)

Capital Advisors Inc. OK raised its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 29.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 820,996 shares of the basic materials company's stock after buying an additional 185,162 shares during the period. Capital Advisors Inc. OK owned about 0.19% of Cameco worth $39,211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Cameco by 10.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,655,676 shares of the basic materials company's stock valued at $71,722,000 after buying an additional 160,113 shares in the last quarter. Principal Financial Group Inc. grew its position in Cameco by 43.7% in the first quarter. Principal Financial Group Inc. now owns 22,700 shares of the basic materials company's stock worth $984,000 after acquiring an additional 6,900 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Cameco by 0.5% during the 1st quarter. Sequoia Financial Advisors LLC now owns 72,484 shares of the basic materials company's stock worth $3,140,000 after purchasing an additional 338 shares during the last quarter. PDS Planning Inc raised its holdings in shares of Cameco by 5.1% during the 1st quarter. PDS Planning Inc now owns 6,840 shares of the basic materials company's stock valued at $296,000 after purchasing an additional 329 shares in the last quarter. Finally, BNP Paribas acquired a new stake in shares of Cameco in the 1st quarter valued at $93,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

NYSE:CCJ traded up $0.28 during mid-day trading on Friday, hitting $52.50. 4,298,144 shares of the company's stock traded hands, compared to its average volume of 4,406,820. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $47.19 and a two-hundred day moving average of $48.05. The firm has a market capitalization of $22.85 billion, a price-to-earnings ratio of 122.09 and a beta of 0.90. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $58.72.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. During the same quarter in the previous year, the business posted ($0.01) EPS. The company's revenue was up 24.1% on a year-over-year basis. On average, equities analysts forecast that Cameco Co. will post 0.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCJ has been the topic of several analyst reports. National Bank Financial raised shares of Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Glj Research reissued a "buy" rating and set a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Janney Montgomery Scott upgraded Cameco to a "strong-buy" rating in a report on Friday, October 4th. Cantor Fitzgerald upgraded Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. Finally, Scotiabank dropped their price target on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Cameco has an average rating of "Buy" and a consensus target price of $66.56.

Cameco 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.