Cerity Partners LLC Acquires New Stake in Cameco Co. (NYSE:CCJ)

Cerity Partners LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,351 shares of the basic materials company’s stock, valued at approximately $403,000.

Several other large investors also recently added to or reduced their stakes in CCJ. FMR LLC boosted its stake in Cameco by 21.6% during the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after buying an additional 4,865,085 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Cameco by 74.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after buying an additional 2,442,190 shares during the period. Platinum Investment Management Ltd. boosted its stake in Cameco by 156.3% during the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after buying an additional 1,884,004 shares during the period. Rheos Capital Works Inc. bought a new stake in Cameco during the fourth quarter worth about $61,245,000. Finally, Lord Abbett & CO. LLC bought a new stake in Cameco during the third quarter worth about $46,585,000. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price target for the company. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco Trading Up 0.9 %

NYSE CCJ opened at $49.18 on Friday. Cameco Co. has a 1-year low of $25.72 and a 1-year high of $52.64. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $44.28 and a 200-day moving average of $43.85. The firm has a market cap of $21.35 billion, a PE ratio of 81.97 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The company had revenue of $620.00 million during the quarter. As a group, sell-side analysts forecast that Cameco Co. will post 1.55 EPS for the current 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.