Beck Capital Management LLC Acquires 21,349 Shares of Cameco Co. (NYSE:CCJ)

Beck Capital Management LLC raised its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 159,332 shares of the basic materials company's stock after purchasing an additional 21,349 shares during the period. Cameco accounts for 2.2% of Beck Capital Management LLC's portfolio, making the stock its 10th largest position. Beck Capital Management LLC's holdings in Cameco were worth $8,188,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in CCJ. Sierra Ocean LLC acquired a new position in Cameco during the fourth quarter valued at approximately $25,000. Hurley Capital LLC acquired a new position in shares of Cameco during the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco during the 4th quarter worth $28,000. Whipplewood Advisors LLC acquired a new stake in Cameco in the 4th quarter valued at $33,000. Finally, Compass Planning Associates Inc purchased a new position in Cameco in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

CCJ traded up $0.41 during trading hours on Monday, hitting $44.40. 1,351,532 shares of the stock were exchanged, compared to its average volume of 4,093,114. The stock has a market cap of $19.33 billion, a price-to-earnings ratio of 158.48 and a beta of 1.04. The stock has a 50-day simple moving average of $42.05 and a 200-day simple moving average of $49.42. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. 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 (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of recent research reports. Desjardins began coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Glj Research raised their price target 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, StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Cameco currently has a consensus rating of "Buy" and a consensus price target of $70.03.

Cameco Profile

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.