Harbor Investment Advisory LLC Purchases 18,288 Shares of Cameco Co. (NYSE:CCJ)

Harbor Investment Advisory LLC lifted its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 132.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,136 shares of the basic materials company's stock after acquiring an additional 18,288 shares during the quarter. Harbor Investment Advisory LLC's holdings in Cameco were worth $1,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Larson Financial Group LLC increased its position in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after buying an additional 226 shares during the last quarter. Two Sigma Investments LP increased its position in Cameco by 0.5% during the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock worth $2,592,000 after buying an additional 238 shares during the last quarter. Heritage Wealth Management Inc. increased its position 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. EdgeRock Capital LLC grew its position in shares of 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 purchasing an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE grew its position in shares of Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after purchasing an additional 300 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

Shares of CCJ stock traded up $0.27 during trading on Wednesday, hitting $59.95. The company had a trading volume of 3,310,569 shares, compared to its average volume of 4,231,983. 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 has a market capitalization of $26.10 billion, a P/E ratio of 214.11 and a beta of 0.89. The stock's 50-day moving average price is $46.91 and its 200 day moving average price is $49.20. Cameco Co. has a one year low of $35.00 and a one year high of $62.55.

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

Analysts Set New Price Targets

Several equities analysts have recently commented on CCJ shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Sanford C. Bernstein began coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target for the company. Finally, Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $70.53.

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.