Massachusetts Financial Services Co. MA Purchases 8,165 Shares of Cameco Co. (NYSE:CCJ)

Massachusetts Financial Services Co. MA boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,159,270 shares of the basic materials company’s stock after buying an additional 8,165 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Cameco were worth $110,965,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Cameco during the fourth quarter valued at $188,595,000. Alliancebernstein L.P. boosted its position in Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after buying an additional 1,196,336 shares during the period. AGF Management Ltd. grew its stake in Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after acquiring an additional 1,193,266 shares in the last quarter. Segra Capital Management LLC purchased a new position in shares of Cameco during the third quarter worth approximately $53,013,000. Finally, Wellington Management Group LLP raised its stake in shares of Cameco by 35.9% during the fourth quarter. Wellington Management Group LLP now owns 2,590,976 shares of the basic materials company’s stock valued at $133,151,000 after acquiring an additional 685,145 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CCJ. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Desjardins began coverage on Cameco in a research note on Friday. They set a “buy” rating on the stock. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Glj Research raised their target price 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. Finally, StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, Cameco has a consensus rating of “Buy” and a consensus price target of $70.03.

Cameco Trading Down 7.6 %

NYSE CCJ opened at $37.80 on Friday. The firm has a market cap of $16.45 billion, a PE ratio of 134.98 and a beta of 1.04. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a 50 day moving average price of $45.02 and a 200 day moving average price of $50.25.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. 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 forecast that Cameco Co. will post 1.27 EPS for the current fiscal 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.