Commonwealth Equity Services LLC Purchases 37,040 Shares of Cameco Co. (NYSE:CCJ)

Commonwealth Equity Services LLC lifted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 40.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,898 shares of the basic materials company’s stock after acquiring an additional 37,040 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cameco were worth $6,624,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. AGF Management Ltd. grew its position in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after buying an additional 1,193,266 shares during the period. Segra Capital Management LLC bought a new position in Cameco during the third quarter valued at about $53,013,000. Fred Alger Management LLC grew its position in Cameco by 99.7% during the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after buying an additional 839,077 shares during the period. Raymond James Financial Inc. bought a new position in Cameco during the fourth quarter valued at about $34,440,000. Finally, Massachusetts Financial Services Co. MA grew 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 valued at $102,737,000 after buying an additional 664,828 shares during the period. Institutional investors own 70.21% of the company’s stock.

Cameco Price Performance

CCJ stock opened at $44.62 on Friday. The firm has a 50 day moving average of $47.03 and a 200-day moving average of $50.01. 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 Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The firm has a market capitalization of $19.42 billion, a P/E ratio of 159.34 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 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 analyst estimates of $1.09 billion. As a group, sell-side analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of several research reports. Glj Research increased their price target on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Nicolaus started coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $73.64.

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.