Allworth Financial LP Has $196,000 Stock Holdings in Cameco Co. (NYSE:CCJ)

Allworth Financial LP lifted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 192.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,480 shares of the basic materials company’s stock after acquiring an additional 2,291 shares during the quarter. Allworth Financial LP’s holdings in Cameco were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. CIBC Asset Management Inc increased its position in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the last quarter. Bridgewater Associates LP increased its position in Cameco by 19.9% during the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after buying an additional 410,711 shares during the last quarter. Progeny 3 Inc. increased its position in Cameco by 7.5% during the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after buying an additional 159,200 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Cameco by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock worth $103,968,000 after buying an additional 187,512 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its position in Cameco by 44.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after buying an additional 664,828 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $66.56.

Cameco Trading Down 6.4 %

Shares of NYSE:CCJ opened at $43.56 on Friday. The company has a market cap of $18.96 billion, a P/E ratio of 155.55 and a beta of 0.94. The stock’s 50-day moving average is $50.79 and its 200-day moving average is $49.67. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

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 the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Equities research analysts predict that Cameco Co. will post 1.27 earnings per share 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.