Cameco Co. (NYSE:CCJ) Holdings Lifted by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 59.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,180 shares of the basic materials company’s stock after buying an additional 4,175 shares during the period. Signaturefd LLC’s holdings in Cameco were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Glenmede Trust Co. NA increased its position in Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 191 shares during the period. Larson Financial Group LLC increased its holdings in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 226 shares during the period. Heritage Wealth Management Inc. raised its stake in shares of Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares during the period. Finally, EdgeRock Capital LLC grew its position in Cameco by 2.2% in the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after buying an additional 297 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of NYSE CCJ opened at $44.17 on Thursday. The stock’s fifty day simple moving average is $47.26 and its 200 day simple moving average is $50.02. The stock has a market capitalization of $19.23 billion, a price-to-earnings ratio of 157.74 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. As a group, sell-side analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CCJ shares. Glj Research upped their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, Cameco has a consensus rating of “Buy” and an average price target of $73.64.

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.