Massachusetts Financial Services Co. MA Purchases 8,165 Shares of Cameco Co. (NYSE:CCJ)

Massachusetts Financial Services Co. MA raised its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,159,270 shares of the basic materials company’s stock after purchasing an additional 8,165 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.50% of Cameco worth $110,965,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Old West Investment Management LLC increased its holdings in Cameco by 10.4% during the third quarter. Old West Investment Management LLC now owns 282,072 shares of the basic materials company’s stock valued at $13,472,000 after buying an additional 26,584 shares during the last quarter. Captrust Financial Advisors increased its stake in shares of Cameco by 69.2% in the 3rd quarter. Captrust Financial Advisors now owns 48,690 shares of the basic materials company’s stock worth $2,325,000 after purchasing an additional 19,921 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Cameco in the 3rd quarter worth $337,000. Hilltop Holdings Inc. bought a new stake in Cameco during the third quarter valued at about $205,000. Finally, HighTower Advisors LLC increased its position in Cameco by 6.0% in the third quarter. HighTower Advisors LLC now owns 617,538 shares of the basic materials company’s stock worth $29,519,000 after buying an additional 35,180 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of analyst reports. Desjardins initiated coverage on Cameco in a research report on Friday. They set a “buy” rating on the stock. Glj Research raised their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco currently has an average rating of “Buy” and an average target price of $70.03.

Cameco Price Performance

CCJ stock opened at $37.80 on Friday. The company has a fifty day simple moving average of $45.02 and a two-hundred day simple moving average of $50.25. 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 firm has a market capitalization of $16.45 billion, a P/E ratio of 134.98 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Analysts anticipate that Cameco Co. will post 1.27 earnings per share 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.