Sequoia Financial Advisors LLC Has $3.11 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Sequoia Financial Advisors LLC boosted its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 136.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,146 shares of the basic materials company's stock after buying an additional 41,656 shares during the quarter. Sequoia Financial Advisors LLC's holdings in Cameco were worth $3,109,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley grew its position in Cameco by 5.8% in the third quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company's stock worth $307,300,000 after buying an additional 428,310 shares during the last quarter. Guardian Capital LP grew its position in Cameco by 40.7% during the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company's stock worth $34,451,000 after purchasing an additional 250,115 shares in the last quarter. Foster Victor Wealth Advisors LLC purchased a new position in Cameco during the 4th quarter worth approximately $3,956,000. Financial Insights Inc. purchased a new position in Cameco during the 3rd quarter worth approximately $1,942,000. Finally, Platinum Investment Management Ltd. grew its position in Cameco by 156.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company's stock worth $122,605,000 after purchasing an additional 1,884,004 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Stock Down 1.8 %

Shares of Cameco stock traded down $0.90 on Friday, hitting $49.57. 8,954,932 shares of the company traded hands, compared to its average volume of 5,298,881. The company has a 50-day moving average price of $43.63 and a 200 day moving average price of $43.18. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Cameco Co. has a 12-month low of $25.11 and a 12-month high of $52.64. The company has a market cap of $21.52 billion, a PE ratio of 84.10 and a beta of 0.92.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data 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 net margin of 13.97% and a return on equity of 5.61%. The business had revenue of $620.00 million during the quarter. Sell-side analysts predict that Cameco Co. will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Thursday, April 4th. The Goldman Sachs Group started coverage on shares of Cameco in a report on Monday, April 1st. They set a "buy" rating and a $55.00 price target on the stock. Finally, Cantor Fitzgerald cut shares of Cameco from a "buy" rating to a "neutral" rating in a report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Cameco presently has a consensus rating of "Moderate Buy" and an average target price of $62.75.

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.