Leavell Investment Management Inc. Acquires 5,400 Shares of Cameco Co. (NYSE:CCJ)

Leavell Investment Management Inc. lifted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 54,050 shares of the basic materials company’s stock after acquiring an additional 5,400 shares during the quarter. Leavell Investment Management Inc.’s holdings in Cameco were worth $2,659,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CCJ. Venturi Wealth Management LLC boosted its holdings in Cameco by 235.3% in the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 400 shares in the last quarter. LRI Investments LLC bought a new stake in shares of Cameco during the first quarter valued at approximately $26,000. Principal Securities Inc. purchased a new stake in Cameco in the fourth quarter worth $29,000. Lindbrook Capital LLC raised its holdings in Cameco by 26.0% in the first quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 221 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in Cameco by 99.3% during the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after buying an additional 600 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent research reports. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. The Goldman Sachs Group raised their target price on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Bank of America boosted their price target on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Finally, Glj Research reaffirmed a “buy” rating and set a $63.73 price objective on shares of Cameco in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $63.71.

Cameco Stock Up 2.3 %

CCJ stock traded up $0.93 during midday trading on Thursday, hitting $40.78. The company’s stock had a trading volume of 3,636,179 shares, compared to its average volume of 4,415,875. The firm’s 50-day moving average is $47.80 and its 200-day moving average is $47.16. The company has a current ratio of 3.22, a quick ratio of 0.69 and a debt-to-equity ratio of 0.23. Cameco Co. has a 12 month low of $33.63 and a 12 month high of $56.24. The company has a market cap of $17.75 billion, a PE ratio of 102.21 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The business had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The company’s revenue for the quarter was up 24.1% compared to the same quarter last year. On average, equities research analysts forecast that Cameco Co. will post 1.06 earnings per share for the current fiscal 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.