Riverwater Partners LLC Purchases 1,286 Shares of Cameco Co. (NYSE:CCJ)

Riverwater Partners LLC boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 18.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,364 shares of the basic materials company’s stock after purchasing an additional 1,286 shares during the quarter. Riverwater Partners LLC’s holdings in Cameco were worth $430,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Cameco in the 4th quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco in the fourth quarter worth about $28,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the fourth quarter valued at approximately $33,000. Compass Planning Associates Inc bought a new stake in shares of Cameco in the 4th quarter worth approximately $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Cameco in the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday. They set an “outperform” rating and a $52.00 price objective for the company. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. Finally, Desjardins began coverage on shares of Cameco in a report on Friday. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $70.03.

Cameco Stock Down 7.6 %

Shares of Cameco stock opened at $37.80 on Friday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $45.02 and its 200 day moving average is $50.25. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04.

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