Cameco Co. (NYSE:CCJ) Shares Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,587 shares of the basic materials company’s stock after purchasing an additional 1,618 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cameco were worth $784,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Glenmede Trust Co. NA grew its holdings in Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after buying an additional 191 shares during the last quarter. S.A. Mason LLC raised its position in shares of Cameco by 6.0% in the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after buying an additional 206 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Cameco by 4.8% during the third quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock worth $331,000 after purchasing an additional 320 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its position in shares of Cameco by 2.7% in the third quarter. Ingalls & Snyder LLC now owns 12,496 shares of the basic materials company’s stock valued at $597,000 after purchasing an additional 325 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Cameco has an average rating of “Buy” and a consensus target price of $66.56.

Cameco Stock Performance

Shares of NYSE:CCJ opened at $43.49 on Friday. The firm has a market capitalization of $18.93 billion, a PE ratio of 155.32 and a beta of 0.94. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a 50-day moving average of $50.04 and a two-hundred day moving average of $49.81.

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

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.