Cameco Corporation (NYSE:CCJ) Position Raised by Klein Pavlis & Peasley Financial Inc.

Key Points

• Klein Pavlis & Peasley Financial Inc. increased its holdings in Cameco Corporation by 7.1% during the 1st quarter, making Cameco its 3rd largest holding valued at $5,108,000.
• A majority of institutional investors have significantly increased their stakes in Cameco, with 70.21% of the stock owned by hedge funds and other institutions.
• Cameco Corporation reported $0.51 EPS for the latest quarter, exceeding expectations and marking a 46.7% year-over-year revenue growth.

Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 7.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,199 shares of the basic materials company's stock after purchasing an additional 8,129 shares during the quarter. Cameco makes up approximately 3.7% of Klein Pavlis & Peasley Financial Inc.'s portfolio, making the stock its 3rd largest holding. Klein Pavlis & Peasley Financial Inc.'s holdings in Cameco were worth $5,108,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CCJ. Hurley Capital LLC purchased a new stake in shares of Cameco in the fourth quarter worth about $27,000. Copia Wealth Management purchased a new stake in shares of Cameco in the fourth quarter worth about $39,000. Ameriflex Group Inc. purchased a new stake in shares of Cameco in the fourth quarter worth about $40,000. CoreCap Advisors LLC lifted its holdings in shares of Cameco by 8,363.6% in the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after buying an additional 920 shares in the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Cameco by 315.2% in the first quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock worth $51,000 after buying an additional 933 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCJ. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Royal Bank Of Canada increased their price target on shares of Cameco from $100.00 to $110.00 and gave the stock an "outperform" rating in a report on Friday. Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating on the stock. Sanford C. Bernstein set a $70.00 target price on shares of Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Finally, UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Ten analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $82.65.

Cameco Trading Down 2.6%

CCJ stock opened at $72.97 on Friday. The company has a market capitalization of $31.77 billion, a PE ratio of 83.87 and a beta of 1.03. Cameco Corporation has a one year low of $35.00 and a one year high of $80.32. The company's 50 day moving average price is $70.40 and its two-hundred day moving average price is $54.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.29 by $0.22. Cameco had a net margin of 14.97% and a return on equity of 8.34%. The company had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm's revenue for the quarter was up 46.7% on a year-over-year basis. As a group, analysts predict that Cameco Corporation will post 1.27 earnings per share 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.

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