Cerity Partners LLC Purchases New Position in Cameco Co. (NYSE:CCJ)

Cerity Partners LLC bought a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,351 shares of the basic materials company’s stock, valued at approximately $403,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after purchasing an additional 428,310 shares during the last quarter. Guardian Capital LP lifted its holdings in Cameco by 40.7% in the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock worth $34,451,000 after purchasing an additional 250,115 shares during the last quarter. Foster Victor Wealth Advisors LLC acquired a new stake in Cameco in the 4th quarter worth approximately $3,956,000. Financial Insights Inc. acquired a new stake in Cameco in the 3rd quarter worth approximately $1,942,000. Finally, Platinum Investment Management Ltd. lifted its holdings in Cameco by 156.3% in the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock worth $122,605,000 after purchasing an additional 1,884,004 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 0.9 %

Shares of CCJ stock opened at $49.18 on Friday. The stock has a 50 day moving average of $44.28 and a 200-day moving average of $43.85. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a market cap of $21.35 billion, a PE ratio of 81.97 and a beta of 0.92. Cameco Co. has a 12 month low of $25.72 and a 12 month high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. On average, equities analysts predict that Cameco Co. will post 1.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group assumed coverage on Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Cameco has an average rating of “Moderate Buy” and an average price target of $62.75.

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.