Leo Wealth LLC Takes $390,000 Position in Cameco Co. (NYSE:CCJ)

Leo Wealth LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 9,047 shares of the basic materials company’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in Cameco by 5.8% during the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after purchasing an additional 428,310 shares during the last quarter. Guardian Capital LP boosted its position in Cameco by 40.7% during the third quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock worth $34,451,000 after acquiring an additional 250,115 shares during the last quarter. Foster Victor Wealth Advisors LLC purchased a new stake in Cameco during the 4th quarter valued at about $3,956,000. Financial Insights Inc. acquired a new stake in Cameco in the 3rd quarter valued at about $1,942,000. Finally, Vanguard Group Inc. lifted its stake in Cameco by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock worth $616,343,000 after purchasing an additional 236,212 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Down 1.2 %

Shares of Cameco stock traded down $0.61 during mid-day trading on Monday, hitting $51.29. The stock had a trading volume of 2,624,120 shares, compared to its average volume of 4,633,331. The firm has a 50-day moving average of $50.91 and a two-hundred day moving average of $46.63. The firm has a market cap of $22.29 billion, a P/E ratio of 132.05 and a beta of 0.93. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. Cameco Co. has a 12-month low of $29.17 and a 12-month high of $56.24.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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). The business had revenue of $470.29 million during the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. Sell-side analysts forecast that Cameco Co. will post 1.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of analyst reports. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group boosted their price objective on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.50.

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.