Mufg Securities Canada LTD. Boosts Holdings in Cameco Co. (NYSE:CCJ)

Mufg Securities Canada LTD. grew its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 72.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 664,548 shares of the basic materials company’s stock after acquiring an additional 278,356 shares during the period. Cameco comprises about 1.2% of Mufg Securities Canada LTD.’s holdings, making the stock its 21st largest holding. Mufg Securities Canada LTD. owned about 0.15% of Cameco worth $34,147,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Old West Investment Management LLC lifted its position in Cameco by 10.4% during the third quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after buying an additional 26,584 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cameco by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 902,640 shares of the basic materials company’s stock worth $43,169,000 after buying an additional 29,617 shares during the last quarter. Cerity Partners LLC increased its position in Cameco by 78.8% during the 3rd quarter. Cerity Partners LLC now owns 20,920 shares of the basic materials company’s stock valued at $999,000 after buying an additional 9,222 shares in the last quarter. Finally, Bank of Hawaii bought a new stake in Cameco in the third quarter worth $211,000. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 2.8 %

Shares of NYSE:CCJ opened at $44.47 on Wednesday. The stock has a 50 day moving average of $46.88 and a 200 day moving average of $50.28. The company has a market cap of $19.36 billion, a PE ratio of 158.82 and a beta of 1.04. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

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 during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, equities research analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CCJ shares. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Finally, Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Cameco has a consensus rating of “Buy” and a consensus target price 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.