Cameco Co. (NYSE:CCJ) Shares Purchased by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust raised its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 51.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,043 shares of the basic materials company’s stock after acquiring an additional 354 shares during the period. Parkside Financial Bank & Trust’s holdings in Cameco were worth $54,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CCJ. Sierra Ocean LLC purchased a new position in shares of Cameco during the 4th quarter worth about $25,000. Pingora Partners LLC acquired a new position in Cameco during the third quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new position in Cameco during the fourth quarter worth approximately $33,000. Compass Planning Associates Inc acquired a new position in shares of Cameco in the 4th quarter valued at $36,000. Finally, First Horizon Advisors Inc. grew its stake in shares of Cameco by 84.2% during 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. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average price target of $66.56.

Cameco Price Performance

Cameco stock opened at $41.05 on Tuesday. The firm has a fifty day moving average of $49.63 and a 200-day moving average of $49.99. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $17.87 billion, a P/E ratio of 146.61 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 (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Cameco 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.