Frontier Capital Management Co. LLC Boosts Position in Cameco Co. (NYSE:CCJ)

Frontier Capital Management Co. LLC increased its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1,283.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,205 shares of the basic materials company's stock after purchasing an additional 182,021 shares during the quarter. Frontier Capital Management Co. LLC's holdings in Cameco were worth $10,083,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

CCJ has been the subject of a number of research analyst reports. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Stifel Nicolaus started coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Sanford C. Bernstein started coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Finally, Glj Research boosted their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $70.03.

Cameco Stock Performance

Cameco stock traded up $0.80 during trading hours on Tuesday, reaching $51.96. 4,566,657 shares of the stock were exchanged, compared to its average volume of 4,091,787. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The stock has a market cap of $22.62 billion, a P/E ratio of 185.57 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The firm's 50 day moving average is $42.90 and its 200 day moving average is $48.88.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the previous year, the business earned $0.13 EPS. Cameco's revenue for the quarter was up 24.4% on a year-over-year basis. Analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.