EdgeRock Capital LLC Grows Position in Cameco Co. (NYSE:CCJ)

EdgeRock Capital LLC raised its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,986 shares of the basic materials company’s stock after purchasing an additional 297 shares during the quarter. EdgeRock Capital LLC’s holdings in Cameco were worth $719,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Cameco during the fourth quarter worth $25,000. Pingora Partners LLC purchased a new position in Cameco in the 3rd quarter worth about $33,000. Compass Planning Associates Inc bought a new stake in Cameco during the 4th quarter valued at about $36,000. First Horizon Advisors Inc. boosted its position in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock valued at $37,000 after buying an additional 351 shares during the period. Finally, Wilmington Savings Fund Society FSB bought a new position in Cameco in the 3rd quarter worth about $38,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 0.2 %

NYSE:CCJ opened at $43.41 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The company has a 50-day moving average of $50.79 and a 200 day moving average of $49.83. The firm has a market cap of $18.89 billion, a PE ratio of 155.02 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. As a group, research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Cameco has a consensus rating of “Buy” and a consensus target price of $66.56.

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.