Spahn Wealth & Retirement LLC purchased a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 110,563 shares of the basic materials company's stock, valued at approximately $5,682,000. Cameco makes up 3.7% of Spahn Wealth & Retirement LLC's investment portfolio, making the stock its 12th largest position.
Several other hedge funds have also recently added to or reduced their stakes in the company. Arete Wealth Advisors LLC purchased a new stake in shares of Cameco in the 4th quarter valued at $311,000. Massachusetts Financial Services Co. MA boosted its position in Cameco by 0.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,159,270 shares of the basic materials company's stock valued at $110,965,000 after buying an additional 8,165 shares during the period. Trexquant Investment LP bought a new position in shares of Cameco during the fourth quarter valued at about $822,000. Headlands Technologies LLC increased its holdings in shares of Cameco by 308.6% in the fourth quarter. Headlands Technologies LLC now owns 13,492 shares of the basic materials company's stock worth $693,000 after buying an additional 10,190 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Cameco by 31.8% in the 4th quarter. Geode Capital Management LLC now owns 2,518,655 shares of the basic materials company's stock valued at $130,550,000 after acquiring an additional 607,041 shares during the last quarter. Institutional investors own 70.21% of the company's stock.
Cameco Stock Down 7.6 %
Cameco stock traded down $3.12 during trading hours on Friday, hitting $37.80. 9,417,889 shares of the stock traded hands, compared to its average volume of 4,107,877. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a market cap of $16.45 billion, a PE ratio of 134.98 and a beta of 1.04. The firm's 50-day moving average price is $45.02 and its two-hundred day moving average price is $50.32. 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 (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 for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million for 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%. On average, research analysts forecast that Cameco Co. will post 1.27 EPS for the current year.
Wall Street Analyst Weigh In
CCJ has been the topic of several recent research reports. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday. Glj Research lifted their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Desjardins assumed coverage on shares of Cameco in a research report on Friday. They issued a "buy" rating on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Cameco currently has an average rating of "Buy" and an average target price of $70.03.
Read Our Latest Analysis on Cameco
Cameco Company Profile
(
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.
Read More
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
