SBI Securities Co. Ltd. Makes New $635,000 Investment in Cameco Co. (NYSE:CCJ)

SBI Securities Co. Ltd. bought a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,358 shares of the basic materials company's stock, valued at approximately $635,000.

A number of other institutional investors and hedge funds have also bought and sold shares of CCJ. Sierra Ocean LLC acquired a new stake in Cameco during the fourth quarter worth $25,000. Whipplewood Advisors LLC acquired a new stake in Cameco during the fourth quarter worth $33,000. Pingora Partners LLC acquired a new stake in Cameco during the third quarter worth $33,000. Compass Planning Associates Inc acquired a new stake in Cameco during the fourth quarter worth $36,000. Finally, First Horizon Advisors Inc. boosted its stake in Cameco by 84.2% during the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company's stock worth $37,000 after buying an additional 351 shares in the last quarter. Institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CCJ shares. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Friday, February 21st. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $71.25.

Cameco Price Performance

NYSE CCJ traded up $1.10 on Wednesday, hitting $42.99. 3,518,191 shares of the company were exchanged, compared to its average volume of 4,146,714. The firm has a 50 day moving average of $49.41 and a two-hundred day moving average of $50.00. The company has a market cap of $18.71 billion, a P/E ratio of 153.52 and a beta of 0.94. 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 $35.43 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 the consensus estimate of $0.26. The business had revenue of $845.54 million for 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%. On average, equities analysts predict that Cameco Co. will post 1.27 EPS 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.