Alpine Woods Capital Investors LLC Acquires New Holdings in Cameco Co. (NYSE:CCJ)

Alpine Woods Capital Investors LLC acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 28,000 shares of the basic materials company’s stock, valued at approximately $1,439,000.

A number of other institutional investors have also made changes to their positions in the stock. CIBC Asset Management Inc raised its stake in shares of Cameco by 58.0% in the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after acquiring an additional 1,386,639 shares in the last quarter. AGF Management Ltd. raised its stake in shares of Cameco by 54.2% in the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock valued at $174,433,000 after acquiring an additional 1,193,266 shares in the last quarter. Bridgewater Associates LP raised its stake in shares of Cameco by 19.9% in the 3rd quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after acquiring an additional 410,711 shares in the last quarter. Progeny 3 Inc. raised its stake in shares of Cameco by 7.5% in the 3rd 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 in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Cameco by 9.4% in the 3rd 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 buying an additional 187,512 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of CCJ stock opened at $41.75 on Friday. The stock’s fifty day simple moving average is $48.01 and its 200 day simple moving average is $49.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The firm has a market cap of $18.17 billion, a price-to-earnings ratio of 149.09 and a beta of 1.04. Cameco Co. has a one year low of $35.43 and a one year 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 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. On average, analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on CCJ. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus started coverage on Cameco in a report on Wednesday. They issued a “buy” rating on the stock. Finally, StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $73.64.

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.