Allegheny Financial Group trimmed its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 63.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,496 shares of the basic materials company's stock after selling 9,512 shares during the quarter. Allegheny Financial Group's holdings in Cameco were worth $282,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Larson Financial Group LLC increased its position in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares during the last quarter. Heritage Wealth Management Inc. increased its holdings in Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after buying an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after acquiring an additional 267 shares during the period. EdgeRock Capital LLC boosted its stake in Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after acquiring an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE grew its position in shares of Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 300 shares during the period. 70.21% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on CCJ. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $70.03.
Check Out Our Latest Analysis on CCJ
Cameco Price Performance
CCJ stock opened at $47.01 on Friday. The firm has a 50 day moving average of $42.15 and a 200-day moving average of $49.25. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $20.46 billion, a P/E ratio of 167.89 and a beta of 1.04. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. As a group, sell-side analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.
Cameco 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.
See Also
Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
