FWL Investment Management LLC Buys 5,502 Shares of Cameco Co. (NYSE:CCJ)

FWL Investment Management LLC lifted its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 106,596 shares of the basic materials company's stock after buying an additional 5,502 shares during the quarter. Cameco makes up about 2.0% of FWL Investment Management LLC's investment portfolio, making the stock its 19th largest holding. FWL Investment Management LLC's holdings in Cameco were worth $5,478,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in CCJ. Wilmington Savings Fund Society FSB purchased a new position in Cameco during the 3rd quarter valued at about $38,000. Tidal Investments LLC raised its stake in Cameco by 9.2% during the third quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock worth $1,213,000 after acquiring an additional 2,142 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Cameco by 1,138.1% during the third quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock worth $12,774,000 after purchasing an additional 245,831 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of Cameco during the fourth quarter valued at $206,000. Finally, Miracle Mile Advisors LLC lifted its stake in shares of Cameco by 5.9% during the fourth quarter. Miracle Mile Advisors LLC now owns 8,845 shares of the basic materials company's stock valued at $455,000 after acquiring an additional 495 shares during the period. Institutional investors and hedge funds own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Glj Research raised their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on Cameco in a report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target for the company. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Desjardins started coverage on Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $70.03.

Cameco Price Performance

NYSE:CCJ traded up $0.92 during trading hours on Tuesday, hitting $52.08. 2,977,360 shares of the company's stock traded hands, compared to its average volume of 4,314,158. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business's fifty day simple moving average is $42.90 and its two-hundred day simple moving average is $48.88. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The firm has a market cap of $22.67 billion, a P/E ratio of 186.00 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued 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). The company 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 company's revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.