Blue Trust Inc. Raises Stake in Cameco Co. (NYSE:CCJ)

Blue Trust Inc. grew its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 68.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,575 shares of the basic materials company’s stock after acquiring an additional 642 shares during the period. Blue Trust Inc.’s holdings in Cameco were worth $77,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CCJ. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Cameco by 71.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock worth $27,000 after buying an additional 238 shares in the last quarter. LRI Investments LLC purchased a new stake in Cameco during the first quarter worth about $26,000. Larson Financial Group LLC boosted its holdings in Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock worth $52,000 after buying an additional 600 shares in the last quarter. Crewe Advisors LLC purchased a new stake in Cameco during the first quarter worth about $87,000. Finally, BNP Paribas purchased a new stake in Cameco during the first quarter worth about $93,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Janney Montgomery Scott upgraded shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. Scotiabank cut their target price on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Finally, National Bank Financial upgraded shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco has an average rating of “Buy” and a consensus price target of $66.56.

Cameco Stock Performance

NYSE:CCJ opened at $53.99 on Thursday. The firm has a 50 day simple moving average of $46.76 and a 200-day simple moving average of $47.99. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. The firm has a market cap of $23.50 billion, a PE ratio of 138.44 and a beta of 0.90. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $58.72.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.01) EPS. On average, equities analysts expect that Cameco Co. will post 0.83 EPS for the current 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.