Legacy Financial Advisors Inc. Has $266,000 Stock Holdings in Cameco Co. (NYSE:CCJ)

Legacy Financial Advisors Inc. grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,174 shares of the basic materials company’s stock after purchasing an additional 764 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Cameco were worth $266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC lifted its stake in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock valued at $1,163,942,000 after buying an additional 1,811,876 shares during the period. Vanguard Group Inc. increased its stake in shares of Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company’s stock valued at $862,997,000 after acquiring an additional 270,102 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company’s stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the period. Norges Bank bought a new position in Cameco during the 4th quarter worth approximately $188,595,000. Finally, AGF Management Ltd. grew its holdings in Cameco by 54.2% during 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 during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Up 5.5 %

Shares of Cameco stock opened at $40.81 on Friday. The firm has a market cap of $17.76 billion, a PE ratio of 145.74 and a beta of 1.04. The business’s 50 day simple moving average is $43.54 and its 200 day simple moving average is $50.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts predict that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CCJ shares. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Desjardins started coverage on Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. Finally, Sanford C. Bernstein began coverage on Cameco in a research note on Tuesday, April 1st. They set an “outperform” rating and a $52.00 target price for the company. One analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $70.03.

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.