Envestnet Asset Management Inc. Has $13.78 Million Position in Cameco Co. (NYSE:CCJ)

Envestnet Asset Management Inc. boosted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 19.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,194 shares of the basic materials company’s stock after acquiring an additional 42,786 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of Cameco worth $13,782,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Larson Financial Group LLC raised its stake in Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after buying an additional 226 shares during the last quarter. Heritage Wealth Management Inc. grew its holdings in Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after acquiring an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 267 shares in the last quarter. EdgeRock Capital LLC lifted its stake in shares of Cameco by 2.2% in the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 297 shares during the period. Finally, Highview Capital Management LLC DE boosted its position in shares of Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Glj Research boosted their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Stifel Canada upgraded 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 research report on Tuesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $70.03.

Cameco Price Performance

Shares of NYSE:CCJ opened at $41.31 on Thursday. The business has a 50-day simple moving average of $43.03 and a two-hundred day simple moving average of $49.84. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 147.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. The business had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. On average, analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

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.