Cameco Co. (NYSE:CCJ) Shares Acquired by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. grew its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,022 shares of the basic materials company’s stock after acquiring an additional 275 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in Cameco were worth $389,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley lifted its position in Cameco by 5.8% during the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after acquiring an additional 428,310 shares in the last quarter. Guardian Capital LP lifted its position in Cameco by 40.7% during the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock worth $34,451,000 after acquiring an additional 250,115 shares in the last quarter. Foster Victor Wealth Advisors LLC acquired a new position in Cameco during the 4th quarter worth approximately $3,956,000. Financial Insights Inc. acquired a new position in Cameco during the 3rd quarter worth approximately $1,942,000. Finally, Platinum Investment Management Ltd. lifted its position in Cameco by 156.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock worth $122,605,000 after acquiring an additional 1,884,004 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 0.4 %

CCJ stock traded up $0.22 during midday trading on Wednesday, hitting $48.41. 2,665,488 shares of the company’s stock were exchanged, compared to its average volume of 5,244,856. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Cameco Co. has a 12-month low of $25.11 and a 12-month high of $52.64. The firm has a 50 day moving average price of $43.65 and a 200-day moving average price of $43.39. The stock has a market capitalization of $21.02 billion, a price-to-earnings ratio of 80.32 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The business had revenue of $620.00 million for the quarter. On average, analysts anticipate that Cameco Co. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 price target on the stock. Finally, Cantor Fitzgerald downgraded Cameco from a “buy” rating to a “neutral” rating in a report on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $62.75.

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.