Northern Trust Corp Purchases 123,684 Shares of Cameco Co. (NYSE:CCJ)

Northern Trust Corp boosted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 50.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 367,299 shares of the basic materials company’s stock after acquiring an additional 123,684 shares during the quarter. Northern Trust Corp owned 0.08% of Cameco worth $18,875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Beacon Pointe Advisors LLC raised its stake in Cameco by 2.9% during the 4th quarter. Beacon Pointe Advisors LLC now owns 11,811 shares of the basic materials company’s stock worth $607,000 after acquiring an additional 330 shares during the period. Prosperity Consulting Group LLC increased its stake in shares of Cameco by 7.4% in the fourth quarter. Prosperity Consulting Group LLC now owns 9,700 shares of the basic materials company’s stock worth $498,000 after purchasing an additional 670 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in shares of Cameco by 6.9% during the 4th quarter. Integrated Wealth Concepts LLC now owns 5,705 shares of the basic materials company’s stock valued at $293,000 after purchasing an additional 370 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Cameco during the 4th quarter valued at $2,570,000. Finally, Syon Capital LLC boosted its holdings in Cameco by 11.0% in the 4th quarter. Syon Capital LLC now owns 8,875 shares of the basic materials company’s stock worth $456,000 after buying an additional 878 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 1.6%

Shares of Cameco stock opened at $51.96 on Wednesday. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock has a market cap of $22.62 billion, a P/E ratio of 185.57 and a beta of 0.89. The stock’s 50 day simple moving average is $43.09 and its 200-day simple moving average is $48.90.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $549.58 million for the quarter, compared to analysts’ expectations of $890.07 million. During the same period last year, the firm earned $0.13 earnings per share. Cameco’s revenue for the quarter was up 24.4% on a year-over-year basis. Analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CCJ shares. Sanford C. Bernstein assumed coverage on shares of Cameco in a report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price objective for the company. Desjardins initiated coverage on shares of Cameco in a research note on Friday, April 4th. They set a “buy” rating for the company. Glj Research boosted their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. Finally, Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $70.03.

About Cameco

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.