IFP Advisors Inc Has $324,000 Stake in Cameco Co. (NYSE:CCJ)

IFP Advisors Inc lifted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 17.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,299 shares of the basic materials company’s stock after purchasing an additional 938 shares during the quarter. IFP Advisors Inc’s holdings in Cameco were worth $324,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. CIBC Asset Management Inc raised its stake in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after purchasing an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP raised its stake in Cameco by 19.9% during the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock worth $118,386,000 after acquiring an additional 410,711 shares in the last quarter. Progeny 3 Inc. raised its stake in Cameco by 7.5% during the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock worth $108,326,000 after acquiring an additional 159,200 shares in the last quarter. The Manufacturers Life Insurance Company raised 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 worth $103,968,000 after acquiring an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Cameco by 44.7% during the third 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 in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of CCJ stock opened at $44.04 on Friday. The stock’s fifty day moving average is $49.87 and its 200-day moving average is $49.91. 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 stock has a market capitalization of $19.17 billion, a PE ratio of 157.27 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 earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. The company had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Equities research analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment 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. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $66.56.

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.