Parallel Advisors LLC Acquires 430 Shares of Cameco Co. (NYSE:CCJ)

Parallel Advisors LLC grew its stake in shares of Cameco Co. (NYSE:CCJFree Report) (TSE:CCO) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,947 shares of the basic materials company’s stock after buying an additional 430 shares during the quarter. Parallel Advisors LLC’s holdings in Cameco were worth $472,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Morgan Stanley raised its position in Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after purchasing an additional 428,310 shares during the period. Guardian Capital LP boosted its stake in shares of Cameco by 40.7% during the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock valued at $34,451,000 after purchasing an additional 250,115 shares in the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in Cameco in the fourth quarter worth about $3,956,000. Financial Insights Inc. bought a new stake in Cameco during the 3rd quarter valued at approximately $1,942,000. Finally, Vanguard Group Inc. grew its holdings in shares of Cameco by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock worth $616,343,000 after acquiring an additional 236,212 shares during the period. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 target price for the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco has an average rating of “Moderate Buy” and an average target price of $62.75.

Check Out Our Latest Stock Analysis on Cameco

Cameco Price Performance

Shares of NYSE CCJ opened at $55.50 on Friday. The company has a 50 day moving average of $49.37 and a 200 day moving average of $46.01. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco Co. has a twelve month low of $26.15 and a twelve month high of $56.24. The firm has a market cap of $24.12 billion, a P/E ratio of 142.31 and a beta of 0.92.

Cameco (NYSE:CCJGet Free Report) (TSE:CCO) last announced its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The business had revenue of $470.29 million for the quarter. As a group, research analysts expect that Cameco Co. will post 1.38 EPS for the current fiscal year.

Cameco Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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