Plato Investment Management Ltd Takes $360,000 Position in Cameco Co. (NYSE:CCJ)

Plato Investment Management Ltd bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,972 shares of the basic materials company’s stock, valued at approximately $360,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Cameco during the 4th quarter worth about $25,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco during the 4th quarter valued at $33,000. Pingora Partners LLC purchased a new stake in shares of Cameco in the third quarter worth about $33,000. Compass Planning Associates Inc purchased a new position in Cameco in the 4th quarter worth approximately $36,000. Finally, First Horizon Advisors Inc. boosted its stake in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 351 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 1.7 %

Shares of CCJ stock opened at $41.82 on Wednesday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The firm has a market capitalization of $18.21 billion, a PE ratio of 149.36 and a beta of 0.94. The stock has a fifty day moving average of $49.41 and a two-hundred day moving average of $50.00. 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 posted its quarterly earnings data 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 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, research analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $71.25.

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.