Leavell Investment Management Inc. Boosts Stock Position in Cameco Co. (NYSE:CCJ)

Leavell Investment Management Inc. raised its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 236.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 46,950 shares of the basic materials company's stock after acquiring an additional 33,000 shares during the period. Leavell Investment Management Inc.'s holdings in Cameco were worth $2,024,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in shares of Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock valued at $30,000 after buying an additional 682 shares during the last quarter. Janiczek Wealth Management LLC boosted its position in shares of Cameco by 210.4% during the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company's stock valued at $31,000 after buying an additional 524 shares during the last quarter. Versant Capital Management Inc purchased a new position in shares of Cameco during the fourth quarter valued at approximately $34,000. CGC Financial Services LLC purchased a new position in shares of Cameco during the second quarter valued at approximately $27,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Cameco during the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Performance

Shares of CCJ traded down $1.51 during mid-day trading on Thursday, hitting $48.35. The stock had a trading volume of 6,123,963 shares, compared to its average volume of 5,325,497. The firm has a market cap of $20.99 billion, a P/E ratio of 80.58 and a beta of 0.92. The business has a fifty day moving average price of $43.51 and a 200-day moving average price of $42.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. Cameco Co. has a 52 week low of $24.64 and a 52 week high of $51.33.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The firm had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. On average, equities research analysts expect that Cameco Co. will post 2.11 EPS for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent analyst reports. StockNews.com lowered Cameco from a "hold" rating to a "sell" rating in a report on Thursday. The Goldman Sachs Group initiated coverage on Cameco in a report on Monday. They set a "buy" rating and a $55.00 price target on the stock. Finally, Cantor Fitzgerald lowered Cameco from a "buy" rating to a "neutral" rating in a report on Tuesday, December 19th. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cameco presently has an average rating of "Moderate Buy" and an average price target of $62.75.

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.