Global Retirement Partners LLC Acquires 929 Shares of Cameco Co. (NYSE:CCJ)

Global Retirement Partners LLC boosted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 92.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,931 shares of the basic materials company’s stock after purchasing an additional 929 shares during the period. Global Retirement Partners LLC’s holdings in Cameco were worth $99,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Dantai Capital Ltd raised its holdings in shares of Cameco by 44.2% during the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after acquiring an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC purchased a new position in Cameco during the 4th quarter valued at $895,000. Whalen Wealth Management Inc. bought a new position in Cameco in the 4th quarter worth $445,000. iA Global Asset Management Inc. purchased a new stake in shares of Cameco in the 3rd quarter worth about $5,305,000. Finally, Telemark Asset Management LLC boosted its stake in shares of Cameco by 8.3% during the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after purchasing an additional 100,000 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

Shares of Cameco stock opened at $43.49 on Friday. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The firm has a market capitalization of $18.93 billion, a P/E ratio of 155.32 and a beta of 0.94. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $50.04 and a two-hundred day simple moving average of $49.81.

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 (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. On average, equities analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $66.56.

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.