60,932 Shares in Cameco Co. (NYSE:CCJ) Bought by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 60,932 shares of the basic materials company’s stock, valued at approximately $3,131,000.

Several other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in shares of Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares during the last quarter. AGF Management Ltd. boosted its holdings in shares of Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. Bridgewater Associates LP boosted its holdings in shares of Cameco by 19.9% during the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after purchasing an additional 410,711 shares during the last quarter. Progeny 3 Inc. boosted its holdings in shares of Cameco by 7.5% during the 3rd quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after purchasing an additional 159,200 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Cameco by 9.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after purchasing an additional 187,512 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on CCJ shares. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday. They issued a “buy” rating for the company. Finally, Glj Research increased their price target on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Performance

Cameco stock opened at $41.75 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. 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 $18.17 billion, a P/E ratio of 149.09 and a beta of 1.04. The company’s 50-day moving average is $48.01 and its 200 day moving average is $49.91.

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

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.