Cadinha & Co. LLC acquired a new stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 324,848 shares of the basic materials company's stock, valued at approximately $14,001,000. Cameco accounts for approximately 2.2% of Cadinha & Co. LLC's investment portfolio, making the stock its 22nd biggest position. Cadinha & Co. LLC owned 0.07% of Cameco as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. CGC Financial Services LLC bought a new position in shares of Cameco during the 2nd quarter worth $27,000. Allworth Financial LP grew its stake in shares of Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock worth $30,000 after acquiring an additional 682 shares during the period. Janiczek Wealth Management LLC grew its stake in shares of Cameco by 210.4% during the 3rd quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company's stock worth $31,000 after acquiring an additional 524 shares during the period. Tyler Stone Wealth Management bought a new position in shares of Cameco during the 2nd quarter worth $32,000. Finally, Versant Capital Management Inc bought a new position in shares of Cameco during the 4th quarter worth $34,000. Institutional investors own 70.21% of the company's stock.
Wall Street Analyst Weigh In
CCJ has been the topic of a number of recent research reports. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a report on Thursday. Cantor Fitzgerald cut Cameco from a "buy" rating to a "neutral" rating in a report on Tuesday, December 19th. Finally, The Goldman Sachs Group initiated coverage on Cameco in a report on Monday. They set a "buy" rating and a $55.00 price objective on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cameco has a consensus rating of "Moderate Buy" and a consensus target price of $62.75.
Check Out Our Latest Report on Cameco
Cameco Trading Up 1.8 %
CCJ traded up $0.85 on Friday, hitting $49.21. 3,313,925 shares of the company were exchanged, compared to its average volume of 5,295,553. The firm has a fifty day simple moving average of $43.57 and a two-hundred day simple moving average of $42.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. Cameco Co. has a 12 month low of $24.64 and a 12 month high of $51.33. The stock has a market capitalization of $21.37 billion, a PE ratio of 82.02 and a beta of 0.92.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly 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). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. Sell-side analysts expect that Cameco Co. will post 2.11 earnings per share for the current year.
Cameco Company Profile
(
Free Report)
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.
Further Reading
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