S.A. Mason LLC Increases Stock Holdings in Cameco Co. (NYSE:CCJ)

S.A. Mason LLC increased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 21.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,191 shares of the basic materials company’s stock after purchasing an additional 556 shares during the period. S.A. Mason LLC’s holdings in Cameco were worth $138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Securities Inc. purchased a new stake in shares of Cameco in the fourth quarter valued at $29,000. Versant Capital Management Inc purchased a new stake in shares of Cameco in the fourth quarter valued at $34,000. Sandy Spring Bank acquired a new position in Cameco in the fourth quarter valued at $43,000. Blue Trust Inc. boosted its holdings in Cameco by 57.5% in the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 521 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in Cameco in the fourth quarter valued at $97,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 0.5 %

Shares of NYSE CCJ traded up $0.26 during midday trading on Thursday, reaching $50.75. 267,596 shares of the company’s stock were exchanged, compared to its average volume of 4,491,737. Cameco Co. has a 52-week low of $29.17 and a 52-week high of $56.24. The stock has a market capitalization of $22.08 billion, a PE ratio of 129.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. The business’s fifty day moving average price is $51.28 and its two-hundred day moving average price is $46.94.

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

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of research analyst reports. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Bank of America boosted their price objective on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research note on Wednesday. Finally, 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 assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $63.70.

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.