Black Swift Group LLC Has $2.16 Million Holdings in Cameco Co. (NYSE:CCJ)

Black Swift Group LLC grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,100 shares of the basic materials company’s stock after buying an additional 5,000 shares during the quarter. Black Swift Group LLC’s holdings in Cameco were worth $2,164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. Sierra Ocean LLC acquired a new stake in Cameco in the fourth quarter valued at $25,000. Whipplewood Advisors LLC acquired a new stake in Cameco in the fourth quarter valued at $33,000. Pingora Partners LLC bought a new position in shares of Cameco in the third quarter valued at about $33,000. Compass Planning Associates Inc bought a new position in shares of Cameco in the fourth quarter valued at about $36,000. Finally, First Horizon Advisors Inc. raised its position in shares of Cameco by 84.2% in the third quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 351 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 2.6 %

Shares of Cameco stock opened at $42.99 on Thursday. The company has a market capitalization of $18.71 billion, a price-to-earnings ratio of 153.52 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The firm’s 50-day moving average price is $49.22 and its two-hundred day moving average price is $49.95.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research report on Tuesday. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One research analyst has rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Cameco presently has a consensus rating of “Buy” and an average price target of $71.25.

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.