Prestige Wealth Management Group LLC Takes $349,000 Position in Cameco Co. (NYSE:CCJ)

Prestige Wealth Management Group LLC bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,791 shares of the basic materials company’s stock, valued at approximately $349,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCJ. Sierra Ocean LLC purchased a new position in shares of Cameco in the 4th quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the fourth quarter worth approximately $28,000. Pingora Partners LLC acquired a new position in Cameco during the 3rd quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco in the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 2.7 %

CCJ opened at $45.73 on Tuesday. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business has a 50 day moving average price of $46.97 and a two-hundred day moving average price of $50.23. The company has a market cap of $19.91 billion, a PE ratio of 163.34 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last announced 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. The company had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, research analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. Glj Research upped their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a report on Wednesday, March 12th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Wednesday, March 19th. Finally, Stifel Nicolaus initiated coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and a consensus target price of $73.64.

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.