Cameco Co. (NYSE:CCJ) Shares Bought by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. grew its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,875 shares of the basic materials company’s stock after acquiring an additional 250 shares during the quarter. Heritage Wealth Management Inc.’s holdings in Cameco were worth $1,587,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. CIBC Asset Management Inc increased its stake in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after acquiring an additional 1,386,639 shares during the last quarter. M&G PLC acquired a new stake in Cameco during the third quarter worth about $66,227,000. Segra Capital Management LLC acquired a new stake in Cameco during the third quarter worth about $53,013,000. Fred Alger Management LLC increased its stake in Cameco by 99.7% during the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock worth $80,249,000 after acquiring an additional 839,077 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Price Performance

Shares of NYSE CCJ opened at $44.04 on Friday. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The business has a 50-day moving average of $49.87 and a 200-day moving average of $49.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a market capitalization of $19.17 billion, a price-to-earnings ratio of 157.27 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. On average, equities analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal 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.