Atria Wealth Solutions Inc. Grows Holdings in Cameco Co. (NYSE:CCJ)

Atria Wealth Solutions Inc. raised its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 60.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,066 shares of the basic materials company’s stock after purchasing an additional 4,158 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Cameco were worth $477,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP raised its position in Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 682 shares in the last quarter. Versant Capital Management Inc bought a new stake in shares of Cameco in the fourth quarter valued at about $34,000. Sandy Spring Bank purchased a new stake in Cameco in the fourth quarter worth about $43,000. Blue Trust Inc. raised its holdings in shares of Cameco by 57.5% in the 4th quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 521 shares in the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of Cameco during the fourth quarter valued at approximately $106,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CCJ. The Goldman Sachs Group started coverage on Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 target price for the company. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Stock Performance

Shares of CCJ stock opened at $50.73 on Tuesday. Cameco Co. has a 12-month low of $26.15 and a 12-month high of $52.64. The business’s fifty day simple moving average is $45.27 and its 200-day simple moving average is $44.49. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. The company has a market cap of $22.03 billion, a PE ratio of 130.08 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $620.00 million for the quarter. Cameco had a net margin of 9.28% and a return on equity of 4.60%. Analysts expect that Cameco Co. will post 1.37 earnings per share for the current fiscal 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.