Creekmur Asset Management LLC Buys Shares of 2,246 Cameco Co. (NYSE:CCJ)

Creekmur Asset Management LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,246 shares of the basic materials company’s stock, valued at approximately $97,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CCJ. Atria Wealth Solutions Inc. acquired a new stake in Cameco in the third quarter worth about $274,000. Janney Montgomery Scott LLC grew its position in Cameco by 4.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 21,677 shares of the basic materials company’s stock worth $859,000 after purchasing an additional 863 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Cameco by 5.4% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 9,639 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 498 shares in the last quarter. Pathstone Family Office LLC raised its holdings in shares of Cameco by 18.9% in the third quarter. Pathstone Family Office LLC now owns 13,171 shares of the basic materials company’s stock worth $522,000 after buying an additional 2,094 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of Cameco by 94.1% during the third quarter. UBS Group AG now owns 330,066 shares of the basic materials company’s stock worth $13,084,000 after buying an additional 159,981 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group upped their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a report on Friday, June 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $64.50.

Cameco Stock Performance

NYSE:CCJ traded down $1.02 during trading hours on Friday, reaching $51.90. The company had a trading volume of 2,251,074 shares, compared to its average volume of 3,278,308. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. Cameco Co. has a 1-year low of $29.17 and a 1-year high of $56.24. The business’s 50 day moving average price is $50.91 and its 200-day moving average price is $46.62. The firm has a market cap of $22.56 billion, a PE ratio of 133.08 and a beta of 0.93.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.23). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The firm had revenue of $470.29 million during the quarter. Research analysts forecast that Cameco Co. will post 1.38 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.