Intellectus Partners LLC Acquires 4,460 Shares of Cameco Co. (NYSE:CCJ)

Intellectus Partners LLC lifted its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,298 shares of the basic materials company's stock after purchasing an additional 4,460 shares during the period. Cameco accounts for about 1.0% of Intellectus Partners LLC's portfolio, making the stock its 21st biggest position. Intellectus Partners LLC's holdings in Cameco were worth $3,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Cameco during the 4th quarter valued at about $25,000. Hurley Capital LLC bought a new stake in shares of Cameco during the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco during the 4th quarter valued at about $28,000. Whipplewood Advisors LLC bought a new stake in shares of Cameco during the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc bought a new position in Cameco in the fourth quarter worth approximately $36,000. Institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Shares of CCJ opened at $60.04 on Friday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company 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 of $47.65 and a 200 day moving average of $49.30. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $549.58 million for 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 business's revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 earnings per share. As a group, sell-side analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Desjardins assumed coverage on Cameco in a report on Friday, April 4th. They issued a "buy" rating on the stock. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. The Goldman Sachs Group assumed coverage on Cameco in a report on Tuesday, May 20th. They issued a "buy" rating and a $65.00 price target on the stock. Sanford C. Bernstein assumed coverage on Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. One research 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $70.53.

About Cameco

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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