Nwam LLC Raises Holdings in Cameco Co. (NYSE:CCJ)

Nwam LLC increased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 10.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 70,632 shares of the basic materials company’s stock after purchasing an additional 6,502 shares during the period. Nwam LLC’s holdings in Cameco were worth $3,630,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCJ. Whipplewood Advisors LLC purchased a new stake in Cameco in the fourth quarter valued at approximately $33,000. Sprott Inc. increased its holdings in shares of Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after acquiring an additional 34,483 shares during the period. Canton Hathaway LLC raised its position in Cameco by 8.9% in the 4th quarter. Canton Hathaway LLC now owns 10,050 shares of the basic materials company’s stock valued at $516,000 after purchasing an additional 820 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in Cameco during the 4th quarter worth $249,000. Finally, EdgeRock Capital LLC grew its position in Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 297 shares during the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Up 2.5 %

Shares of Cameco stock opened at $44.70 on Thursday. The firm has a fifty day moving average of $50.23 and a two-hundred day moving average of $49.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market cap of $19.46 billion, a P/E ratio of 159.64 and a beta of 0.94. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

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

Wall Street Analysts Forecast Growth

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

About Cameco

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.