Ipswich Investment Management Co. Inc. Raises Stock Holdings in Cameco Co. (NYSE:CCJ)

Ipswich Investment Management Co. Inc. grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 187.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,969 shares of the basic materials company’s stock after purchasing an additional 37,809 shares during the quarter. Ipswich Investment Management Co. Inc.’s holdings in Cameco were worth $2,979,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CCJ. Glenmede Trust Co. NA grew its position in shares of Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after buying an additional 191 shares during the period. S.A. Mason LLC grew its position in Cameco by 6.0% during the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 206 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. Highview Capital Management LLC DE grew its position in Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after purchasing an additional 300 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its position in Cameco by 4.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock valued at $331,000 after purchasing an additional 320 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of NYSE CCJ opened at $43.56 on Friday. The firm’s 50-day moving average price is $51.00 and its 200-day moving average price is $49.62. 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 company has a market cap of $18.96 billion, a PE ratio of 229.25 and a beta of 0.94. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55.

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 analysts’ consensus estimates of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. As a group, analysts anticipate that Cameco Co. will post 0.42 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $66.56.

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.