Avanza Fonder AB Buys 6,689 Shares of Cameco Corporation $CCJ

Avanza Fonder AB raised its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,389 shares of the basic materials company’s stock after buying an additional 6,689 shares during the period. Avanza Fonder AB’s holdings in Cameco were worth $3,604,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of Cameco by 19.9% in the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $62,000 after acquiring an additional 112 shares during the period. International Assets Investment Management LLC lifted its holdings in Cameco by 3.1% in the third quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock valued at $330,000 after acquiring an additional 120 shares during the period. Lee Johnson Capital Management LLC boosted its position in Cameco by 1.2% in the third quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock worth $903,000 after purchasing an additional 127 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Cameco by 9.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,691 shares of the basic materials company’s stock worth $155,000 after purchasing an additional 145 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in shares of Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 150 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Stock Up 2.1%

NYSE CCJ opened at $107.84 on Wednesday. The stock’s 50-day moving average price is $116.85 and its 200-day moving average price is $99.45. The company has a quick ratio of 1.68, a current ratio of 2.47 and a debt-to-equity ratio of 0.14. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The company has a market capitalization of $46.97 billion, a P/E ratio of 111.17 and a beta of 0.98.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.07. The company had revenue of $874.57 million during the quarter, compared to the consensus estimate of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 EPS. On average, equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CCJ. Canadian Imperial Bank of Commerce upped their price target on shares of Cameco to $202.00 in a research report on Monday, March 9th. Raymond James Financial restated an “outperform” rating on shares of Cameco in a research report on Wednesday, January 14th. Glj Research reaffirmed a “buy” rating and set a $171.20 target price (up from $100.00) on shares of Cameco in a report on Wednesday, February 18th. The Goldman Sachs Group reiterated a “buy” rating and issued a $131.00 price target on shares of Cameco in a research report on Wednesday, February 4th. Finally, Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, February 18th. Thirteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $150.40.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.