Cameco Co. (NYSE:CCJ) Shares Bought by Balboa Wealth Partners

Balboa Wealth Partners grew its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 335.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 20,240 shares of the basic materials company’s stock after acquiring an additional 15,590 shares during the period. Balboa Wealth Partners’ holdings in Cameco were worth $1,040,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. CIBC Asset Management Inc lifted its holdings in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. AGF Management Ltd. lifted its holdings in shares of Cameco by 54.2% in the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after purchasing an additional 1,193,266 shares in the last quarter. Segra Capital Management LLC purchased a new stake in shares of Cameco in the third quarter valued at $53,013,000. Fred Alger Management LLC lifted its holdings in shares of Cameco by 99.7% in the third quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after purchasing an additional 839,077 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Cameco in the fourth quarter valued at $34,440,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 2.1 %

Cameco stock opened at $42.63 on Thursday. 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 company has a market capitalization of $18.56 billion, a price-to-earnings ratio of 152.23 and a beta of 1.04. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company’s fifty day moving average price is $48.22 and its two-hundred day moving average price is $49.96.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate 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 Ratings Changes

A number of analysts have recently issued reports on CCJ shares. Stifel Nicolaus started coverage on Cameco in a report on Wednesday. They issued a “buy” rating for the company. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Cameco currently has an average rating of “Buy” and a consensus price target of $73.64.

Cameco Company 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.