Intellectus Partners LLC Buys 3,878 Shares of Cameco Co. (NYSE:CCJ)

Intellectus Partners LLC increased its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.4% in the fourth quarter, HoldingsChannel reports. The fund owned 91,838 shares of the basic materials company’s stock after purchasing an additional 3,878 shares during the period. Cameco makes up about 1.0% of Intellectus Partners LLC’s portfolio, making the stock its 19th biggest position. Intellectus Partners LLC’s holdings in Cameco were worth $4,720,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CCJ. Dantai Capital Ltd lifted its position in Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC purchased a new position in shares of Cameco in the fourth quarter worth $895,000. Whalen Wealth Management Inc. bought a new stake in Cameco during the 4th quarter valued at $445,000. Sprott Inc. boosted its position in Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after buying an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in Cameco in the 3rd quarter worth $5,305,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

Shares of CCJ stock opened at $41.87 on Friday. 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 company’s fifty day moving average price is $48.80 and its 200-day moving average price is $49.90. The stock has a market cap of $18.23 billion, a PE ratio of 149.54 and a beta of 1.04. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share 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 business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on CCJ. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $71.25.

Cameco 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.