Bleakley Financial Group LLC Acquires 1,134 Shares of Cameco Co. (NYSE:CCJ)

Bleakley Financial Group LLC grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 9.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,778 shares of the basic materials company’s stock after purchasing an additional 1,134 shares during the quarter. Bleakley Financial Group LLC’s holdings in Cameco were worth $657,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 238 shares in the last quarter. Pingora Partners LLC acquired a new stake in shares of Cameco in the third quarter worth about $33,000. First Horizon Advisors Inc. boosted its stake in shares of Cameco by 84.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Cameco during the 3rd quarter valued at about $38,000. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Up 2.6 %

Shares of Cameco stock opened at $49.97 on Monday. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The stock has a market capitalization of $21.75 billion, a P/E ratio of 263.02 and a beta of 0.94. 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 stock has a 50 day moving average price of $52.88 and a two-hundred day moving average price of $49.38.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The firm had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.24 earnings per share. Equities analysts expect that Cameco Co. will post 0.44 earnings per share for the current year.

Cameco 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.