Insigneo Advisory Services LLC Acquires New Stake in Cameco Corporation (NYSE:CCJ)

Insigneo Advisory Services LLC bought a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) in the first quarter, Holdings Channel reports. The firm bought 9,275 shares of the basic materials company’s stock, valued at approximately $382,000.

A number of other large investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its stake in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 226 shares in the last quarter. Two Sigma Investments LP increased its holdings in shares of Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock worth $2,592,000 after purchasing an additional 238 shares during the period. Heritage Wealth Management Inc. raised its position in shares of Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after buying an additional 250 shares in the last quarter. EdgeRock Capital LLC boosted its stake in Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after buying an additional 297 shares during the period. Finally, Highview Capital Management LLC DE grew its position in Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after buying an additional 300 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCJ. UBS Group reaffirmed a “buy” rating on shares of Cameco in a report on Tuesday, June 10th. Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the stock an “outperform” rating in a research report on Tuesday, June 10th. The Goldman Sachs Group lifted their target price on shares of Cameco from $65.00 to $78.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Glj Research reissued a “buy” rating and issued a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Finally, Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Wednesday, May 14th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco presently has a consensus rating of “Buy” and an average price target of $75.63.

Cameco Stock Up 0.6%

Shares of NYSE CCJ opened at $69.67 on Thursday. The stock has a market capitalization of $30.33 billion, a P/E ratio of 174.17 and a beta of 0.97. Cameco Corporation has a one year low of $35.00 and a one year high of $71.31. The firm’s 50 day simple moving average is $52.55 and its two-hundred day simple moving average is $49.79. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. Cameco’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. As a group, analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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.