Steward Partners Investment Advisory LLC Grows Stock Position in Cameco Co. (NYSE:CCJ)

Steward Partners Investment Advisory LLC grew its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,591 shares of the basic materials company’s stock after purchasing an additional 1,009 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Cameco were worth $1,110,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in shares of Cameco by 700.2% in the third quarter. Janney Montgomery Scott LLC now owns 46,218 shares of the basic materials company’s stock worth $2,207,000 after buying an additional 40,442 shares during the last quarter. Old West Investment Management LLC increased its position in shares of Cameco by 10.4% in the 3rd quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after acquiring an additional 26,584 shares during the period. Principal Financial Group Inc. raised its stake in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company’s stock worth $12,774,000 after acquiring an additional 245,831 shares during the last quarter. Patten & Patten Inc. TN acquired a new stake in Cameco during the 3rd quarter worth about $335,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in Cameco by 134.4% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 66,043 shares of the basic materials company’s stock valued at $3,154,000 after purchasing an additional 37,868 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Cameco presently has a consensus rating of “Buy” and a consensus price target of $71.25.

Cameco Stock Down 0.6 %

Shares of CCJ stock opened at $41.87 on Monday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The stock has a market cap of $18.23 billion, a P/E ratio of 149.54 and a beta of 1.04. The stock has a 50 day moving average of $48.80 and a 200 day moving average of $50.02. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

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

About Cameco

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.