Cameco Co. (NYSE:CCJ) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,203 shares of the basic materials company’s stock after purchasing an additional 14,833 shares during the period. Rockefeller Capital Management L.P.’s holdings in Cameco were worth $6,126,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CCJ. Dantai Capital Ltd raised its stake in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after buying an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC bought a new stake in Cameco in the fourth quarter worth about $895,000. Whalen Wealth Management Inc. acquired a new stake in Cameco in the 4th quarter valued at about $445,000. Sprott Inc. boosted its position in shares of Cameco by 44.5% during the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company’s stock valued at $5,750,000 after purchasing an additional 34,483 shares in the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Cameco in the 4th quarter worth approximately $930,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CCJ. Glj Research raised their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Tuesday. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Desjardins started coverage on shares of Cameco in a report on Friday, April 4th. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Performance

Shares of CCJ opened at $41.12 on Friday. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. 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 capitalization of $17.90 billion, a PE ratio of 146.84 and a beta of 1.04. The company’s 50 day moving average price is $42.85 and its 200 day moving average price is $49.80.

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