Prestige Wealth Management Group LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 6,791 shares of the basic materials company's stock, valued at approximately $349,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Glenmede Trust Co. NA boosted 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 valued at $437,000 after purchasing an additional 191 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after buying an additional 226 shares during the last quarter. Heritage Wealth Management Inc. boosted its holdings in shares of Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after buying an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in shares of Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock valued at $42,000 after buying an additional 267 shares in the last quarter. Finally, EdgeRock Capital LLC increased its holdings in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock worth $719,000 after buying an additional 297 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.
Cameco Price Performance
CCJ traded down $0.80 during trading on Friday, hitting $41.83. 2,478,593 shares of the stock traded hands, compared to its average volume of 4,123,440. The business has a 50 day moving average price of $46.42 and a 200 day moving average price of $50.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a market cap of $18.21 billion, a price-to-earnings ratio of 149.40 and a beta of 1.04.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Equities research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a "buy" rating for the company. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Finally, StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $73.64.
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About Cameco
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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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