Altfest L J & Co. Inc. Has $774,000 Stock Holdings in Cameco Corporation (NYSE:CCJ)

Altfest L J & Co. Inc. increased its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,810 shares of the basic materials company's stock after buying an additional 5,542 shares during the period. Altfest L J & Co. Inc.'s holdings in Cameco were worth $774,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CCJ. Vanguard Capital Wealth Advisors acquired a new position in Cameco during the 4th quarter valued at about $839,000. Kayne Anderson Capital Advisors LP boosted its stake in Cameco by 41.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 40,407 shares of the basic materials company's stock valued at $1,663,000 after purchasing an additional 11,879 shares during the last quarter. Nicholson Meyer Capital Management Inc. acquired a new position in Cameco during the 1st quarter valued at about $350,000. Balefire LLC boosted its stake in Cameco by 42.9% during the 1st quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock valued at $1,383,000 after purchasing an additional 10,081 shares during the last quarter. Finally, Galibier Capital Management Ltd. acquired a new position in Cameco during the 1st quarter valued at about $11,655,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Down 0.2%

NYSE:CCJ opened at $76.38 on Friday. The company has a current ratio of 2.96, a quick ratio of 2.00 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $33.25 billion, a PE ratio of 87.79 and a beta of 1.06. The firm's 50 day moving average is $71.68 and its 200 day moving average is $55.04. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.22. The company had revenue of $467.72 million for the quarter, compared to analysts' expectations of $819.79 million. Cameco had a net margin of 14.97% and a return on equity of 8.21%. Cameco's revenue was up 46.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on CCJ. The Goldman Sachs Group lifted their price target on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Scotiabank reiterated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. TD Securities reissued a "buy" rating on shares of Cameco in a research report on Tuesday. BMO Capital Markets reissued an "outperform" rating on shares of Cameco in a research report on Tuesday. Finally, UBS Group reissued a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Twelve investment analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $82.65.

Cameco Company 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.

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