Ipswich Investment Management Co. Inc. Purchases 37,809 Shares of Cameco Co. (NYSE:CCJ)

Ipswich Investment Management Co. Inc. increased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 187.5% during the 4th quarter, Holdings Channel reports. The firm owned 57,969 shares of the basic materials company’s stock after acquiring an additional 37,809 shares during the period. Ipswich Investment Management Co. Inc.’s holdings in Cameco were worth $2,979,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCJ. Blue Trust Inc. boosted its stake in shares of Cameco by 68.8% in the third quarter. Blue Trust Inc. now owns 1,575 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 642 shares during the period. Private Advisor Group LLC boosted its stake in Cameco by 8.3% in the 3rd quarter. Private Advisor Group LLC now owns 65,251 shares of the basic materials company’s stock worth $3,117,000 after purchasing an additional 5,011 shares during the period. International Assets Investment Management LLC purchased a new stake in Cameco during the 3rd quarter valued at approximately $95,830,000. Assenagon Asset Management S.A. raised its position in shares of Cameco by 22.2% during the third quarter. Assenagon Asset Management S.A. now owns 21,497 shares of the basic materials company’s stock valued at $1,027,000 after buying an additional 3,899 shares during the last quarter. Finally, Dakota Wealth Management lifted its holdings in shares of Cameco by 4.1% in the third quarter. Dakota Wealth Management now owns 33,288 shares of the basic materials company’s stock worth $1,590,000 after buying an additional 1,323 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Trading Down 6.4 %

Shares of CCJ opened at $43.56 on Friday. The company’s fifty day moving average is $51.00 and its 200 day moving average is $49.62. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55. The stock has a market capitalization of $18.96 billion, a PE ratio of 229.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The company had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Sell-side analysts expect that Cameco Co. will post 0.42 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.