First Hawaiian Bank Invests $228,000 in Cameco Co. (NYSE:CCJ)

First Hawaiian Bank purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,273 shares of the basic materials company’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley boosted its position in shares of Cameco by 5.8% during the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after acquiring an additional 428,310 shares in the last quarter. Foster Victor Wealth Advisors LLC acquired a new position in Cameco during the fourth quarter worth about $3,956,000. Financial Insights Inc. bought a new position in shares of Cameco in the third quarter worth about $1,942,000. Vanguard Group Inc. boosted its stake in shares of Cameco by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock valued at $616,343,000 after purchasing an additional 236,212 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Cameco by 6.9% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,422,754 shares of the basic materials company’s stock valued at $581,558,000 after purchasing an additional 869,404 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Cameco Trading Down 1.2 %

NYSE:CCJ opened at $51.57 on Friday. Cameco Co. has a 52 week low of $29.17 and a 52 week high of $56.24. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. The firm’s fifty day moving average is $51.20 and its 200-day moving average is $46.84. The firm has a market cap of $22.41 billion, a P/E ratio of 132.23 and a beta of 0.93.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The business had revenue of $470.29 million for the quarter. Equities analysts expect that Cameco Co. will post 1.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their price objective on shares of Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $64.50.

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.