Sterling Investment Advisors Ltd. Acquires New Stake in Cameco Co. (NYSE:CCJ)

Sterling Investment Advisors Ltd. acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 4,841 shares of the basic materials company’s stock, valued at approximately $249,000.

A number of other large investors have also made changes to their positions in the stock. CIBC Asset Management Inc lifted its position in Cameco by 58.0% during the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock worth $181,382,000 after buying an additional 1,386,639 shares during the period. M&G PLC purchased a new position in Cameco during the third quarter worth about $66,227,000. Segra Capital Management LLC purchased a new position in Cameco during the third quarter worth about $53,013,000. Fred Alger Management LLC boosted its holdings in shares of Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after purchasing an additional 839,077 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Cameco by 44.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after buying an additional 664,828 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 0.2 %

Shares of Cameco stock opened at $43.41 on Tuesday. The company has a fifty day moving average price of $50.57 and a 200 day moving average price of $49.86. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The stock has a market cap of $18.89 billion, a price-to-earnings ratio of 155.02 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates 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. Equities research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.