Ingalls & Snyder LLC Buys 264 Shares of Cameco Co. (NYSE:CCJ)

Ingalls & Snyder LLC boosted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 12,264 shares of the basic materials company’s stock after purchasing an additional 264 shares during the period. Ingalls & Snyder LLC’s holdings in Cameco were worth $529,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in shares of Cameco by 21.6% in the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after purchasing an additional 4,865,085 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Cameco by 37.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after buying an additional 4,644,453 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cameco by 1.5% in the third quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock valued at $616,343,000 after buying an additional 236,212 shares during the period. Capital World Investors lifted its position in shares of Cameco by 402.0% during the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after buying an additional 8,113,385 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Cameco by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 7,926,606 shares of the basic materials company’s stock worth $248,341,000 after acquiring an additional 493,514 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

NYSE:CCJ opened at $49.59 on Friday. The business’s fifty day moving average is $43.64 and its 200 day moving average is $43.26. The firm has a market cap of $21.53 billion, a price-to-earnings ratio of 82.65 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55. Cameco Co. has a 52-week low of $25.11 and a 52-week high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The company had revenue of $620.00 million for the quarter. Research analysts predict that Cameco Co. will post 1.55 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the topic of a number of research reports. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group began coverage on shares of Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 target price for the company. Finally, Cantor Fitzgerald cut shares of Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

Cameco 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.