Confluence Investment Management LLC lifted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 15.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 19,983 shares of the basic materials company’s stock after purchasing an additional 2,630 shares during the quarter. Confluence Investment Management LLC’s holdings in Cameco were worth $332,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of CCJ. International Assets Investment Management LLC purchased a new position in shares of Cameco during the fourth quarter worth $33,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Cameco by 130.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,822 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 1,600 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Cameco by 101.9% during the fourth quarter. Parallel Advisors LLC now owns 3,190 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 1,610 shares during the last quarter. JFS Wealth Advisors LLC increased its stake in shares of Cameco by 23.4% during the fourth quarter. JFS Wealth Advisors LLC now owns 5,610 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 1,062 shares in the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Cameco during the fourth quarter worth about $83,000. Institutional investors and hedge funds own 60.24% of the company’s stock.
A number of analysts have recently commented on CCJ shares. Cantor Fitzgerald cut shares of Cameco from a “buy” rating to a “hold” rating in a research note on Monday, December 14th. TD Securities boosted their price target on shares of Cameco from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, February 11th. Zacks Investment Research upgraded shares of Cameco from a “sell” rating to a “hold” rating and set a $21.00 price target on the stock in a research report on Friday, March 12th. Royal Bank of Canada lowered shares of Cameco from a “sector perform” rating to an “underperform” rating and set a $16.00 price target on the stock. in a research report on Wednesday, December 16th. Finally, BMO Capital Markets boosted their price target on shares of Cameco from $18.50 to $23.00 and gave the stock an “outperform” rating in a research report on Friday, February 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.50.
NYSE:CCJ opened at $17.64 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.78 and a quick ratio of 3.00. The firm has a market capitalization of $7.00 billion, a price-to-earnings ratio of -1,764,000.00 and a beta of 0.97. The company’s 50-day moving average is $16.83 and its two-hundred day moving average is $12.96. Cameco Co. has a 1-year low of $8.88 and a 1-year high of $19.71.
Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, February 9th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.17. The company had revenue of $550.00 million for the quarter, compared to analyst estimates of $395.88 million. Cameco had a negative net margin of 0.09% and a negative return on equity of 0.34%. Cameco’s revenue was down 36.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. As a group, equities analysts anticipate that Cameco Co. will post -0.17 earnings per share for the current fiscal year.
About Cameco
Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.
Further Reading: What is FinTech?
Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Co. (NYSE:CCJ) (TSE:CCO).