Compass Planning Associates Inc Acquires New Stake in Cameco Co. (NYSE:CCJ)

Compass Planning Associates Inc bought a new position in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 701 shares of the basic materials company’s stock, valued at approximately $36,000.

Several other hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc lifted its holdings in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP lifted its holdings in shares of Cameco by 19.9% in the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after buying an additional 410,711 shares in the last quarter. Progeny 3 Inc. boosted its position in shares of Cameco by 7.5% in the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after acquiring an additional 159,200 shares during the period. The Manufacturers Life Insurance Company grew its stake in Cameco by 9.4% during the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after acquiring an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Cameco by 44.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock worth $102,737,000 after acquiring an additional 664,828 shares during the period. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Down 0.5 %

Shares of NYSE:CCJ opened at $46.34 on Friday. The firm has a fifty day moving average price of $51.19 and a two-hundred day moving average price of $49.64. The company has a market cap of $20.17 billion, a price-to-earnings ratio of 243.89 and a beta of 0.94. 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 one year low of $35.43 and a one year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data 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. Cameco had a return on equity of 3.33% and a net margin of 4.15%. Analysts anticipate that Cameco Co. will post 0.42 EPS for the current fiscal 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.