Massachusetts Financial Services Co. MA Makes New $73.13 Million Investment in Cameco Co. (NYSE:CCJ)

Massachusetts Financial Services Co. MA purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,486,277 shares of the basic materials company’s stock, valued at approximately $73,125,000. Massachusetts Financial Services Co. MA owned 0.34% of Cameco as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Murphy Pohlad Asset Management LLC boosted its holdings in shares of Cameco by 0.3% in the 1st quarter. Murphy Pohlad Asset Management LLC now owns 75,720 shares of the basic materials company’s stock valued at $3,280,000 after buying an additional 200 shares during the period. Lindbrook Capital LLC boosted its holdings in shares of Cameco by 26.0% in the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock valued at $46,000 after buying an additional 221 shares during the period. LRI Investments LLC boosted its holdings in shares of Cameco by 39.0% in the 2nd quarter. LRI Investments LLC now owns 834 shares of the basic materials company’s stock valued at $41,000 after buying an additional 234 shares during the period. Highview Capital Management LLC DE boosted its holdings in shares of Cameco by 4.4% in the 1st quarter. Highview Capital Management LLC DE now owns 5,946 shares of the basic materials company’s stock valued at $258,000 after buying an additional 250 shares during the period. Finally, S.A. Mason LLC boosted its holdings in shares of Cameco by 8.1% in the 2nd quarter. S.A. Mason LLC now owns 3,449 shares of the basic materials company’s stock valued at $170,000 after buying an additional 258 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 0.4 %

CCJ stock opened at $40.12 on Thursday. Cameco Co. has a 52 week low of $35.18 and a 52 week high of $56.24. The company has a market capitalization of $17.46 billion, a price-to-earnings ratio of 102.87 and a beta of 0.90. The firm’s 50-day moving average is $42.18 and its two-hundred day moving average is $46.49. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. During the same quarter last year, the firm posted ($0.01) earnings per share. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, analysts forecast that Cameco Co. will post 0.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

CCJ has been the subject of several research reports. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Glj Research reiterated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank cut their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Bank of America lifted their price objective on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, The Goldman Sachs Group lifted their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, five have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $67.25.

About Cameco

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.