Strategic Financial Concepts LLC Makes New $2.36 Million Investment in Cameco Co. (NYSE:CCJ)

Strategic Financial Concepts LLC acquired a new position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 45,891 shares of the basic materials company's stock, valued at approximately $2,358,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its holdings in shares of Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock valued at $437,000 after acquiring an additional 191 shares in the last quarter. S.A. Mason LLC grew its holdings in shares of Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock valued at $175,000 after acquiring an additional 206 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock valued at $42,000 after acquiring an additional 267 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of Cameco by 4.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company's stock valued at $331,000 after acquiring an additional 320 shares in the last quarter. Finally, Ingalls & Snyder LLC grew its holdings in shares of Cameco by 2.7% during the 3rd quarter. Ingalls & Snyder LLC now owns 12,496 shares of the basic materials company's stock valued at $597,000 after acquiring an additional 325 shares in the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 6.4 %

Shares of Cameco stock traded down $2.99 on Friday, hitting $43.56. 7,343,768 shares of the company traded hands, compared to its average volume of 4,686,063. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The company has a 50-day moving average price of $51.00 and a 200 day moving average price of $49.62. The company has a market cap of $18.96 billion, a PE ratio of 229.25 and a beta of 0.94.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Sell-side analysts predict that Cameco Co. will post 0.42 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.