Herbst Group LLC Makes New $412,000 Investment in Cameco Co. (NYSE:CCJ)

Herbst Group LLC acquired a new position 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 Securities & Exchange Commission. The fund acquired 10,000 shares of the basic materials company's stock, valued at approximately $412,000.

Several other large investors also recently added to or reduced their stakes in CCJ. Channel Wealth LLC grew its stake in shares of Cameco by 6.0% during the first quarter. Channel Wealth LLC now owns 35,221 shares of the basic materials company's stock valued at $1,450,000 after buying an additional 2,007 shares during the last quarter. Floyd Financial Group LLC grew its stake in shares of Cameco by 2.4% during the first quarter. Floyd Financial Group LLC now owns 19,187 shares of the basic materials company's stock valued at $790,000 after buying an additional 454 shares during the last quarter. TrueWealth Advisors LLC grew its stake in shares of Cameco by 11.9% during the first quarter. TrueWealth Advisors LLC now owns 10,230 shares of the basic materials company's stock valued at $421,000 after buying an additional 1,084 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Cameco during the first quarter valued at approximately $202,000. Finally, Merit Financial Group LLC bought a new position in shares of Cameco during the first quarter valued at approximately $284,000. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 0.1%

Shares of NYSE CCJ opened at $60.04 on Friday. 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 $26.13 billion, a price-to-earnings ratio of 214.41 and a beta of 0.97. The stock has a 50 day moving average price of $47.65 and a 200 day moving average price of $49.30. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly 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 firm had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm's revenue for the quarter was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. Sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating on the stock. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a research note on Wednesday, May 14th. The Goldman Sachs Group assumed coverage on Cameco in a research note on Tuesday, May 20th. They set a "buy" rating and a $65.00 target price on the stock. Finally, Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Cameco has a consensus rating of "Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.