Hennion & Walsh Asset Management Inc. Takes $202,000 Position in Cameco Co. (NYSE:CCJ)

Hennion & Walsh Asset Management Inc. bought a new stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,915 shares of the basic materials company's stock, valued at approximately $202,000.

A number of other hedge funds also recently modified their holdings of the business. Larson Financial Group LLC grew 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 valued at $43,000 after purchasing an additional 226 shares in the last quarter. Two Sigma Investments LP grew its holdings in shares of Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after acquiring an additional 238 shares in the last quarter. Heritage Wealth Management Inc. increased its stake in shares of Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after acquiring an additional 250 shares during the last quarter. EdgeRock Capital LLC increased its stake 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 worth $719,000 after acquiring an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE raised its holdings in shares of Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock worth $321,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CCJ shares. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group assumed coverage on shares of Cameco in a report on Tuesday, May 20th. They set a "buy" rating and a $65.00 price target on the stock. Finally, Sanford C. Bernstein assumed coverage on shares of Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective for the company. One 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 company's stock. According to data from MarketBeat, Cameco has a consensus rating of "Buy" and a consensus price target of $70.53.

Cameco Stock Performance

Shares of NYSE:CCJ traded down $3.11 during midday trading on Tuesday, hitting $63.80. The company's stock had a trading volume of 10,643,871 shares, compared to its average volume of 4,687,051. 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 stock's 50 day simple moving average is $48.51 and its 200 day simple moving average is $49.23. The stock has a market capitalization of $27.77 billion, a price-to-earnings ratio of 227.86 and a beta of 0.97. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $68.12.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business's quarterly revenue was up 24.4% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. As a group, research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

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.