Capital Wealth Planning LLC Acquires 3,041 Shares of Cameco Co. (NYSE:CCJ)

Capital Wealth Planning LLC lifted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,855 shares of the basic materials company’s stock after buying an additional 3,041 shares during the quarter. Capital Wealth Planning LLC’s holdings in Cameco were worth $5,748,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc grew its stake in shares of Cameco by 58.0% in the third quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company’s stock valued at $181,382,000 after buying an additional 1,386,639 shares in the last quarter. Bridgewater Associates LP grew its stake in shares of Cameco by 19.9% in the third quarter. Bridgewater Associates LP now owns 2,478,488 shares of the basic materials company’s stock valued at $118,386,000 after buying an additional 410,711 shares in the last quarter. Progeny 3 Inc. grew its stake in shares of Cameco by 7.5% in the third quarter. Progeny 3 Inc. now owns 2,268,132 shares of the basic materials company’s stock valued at $108,326,000 after buying an additional 159,200 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Cameco by 9.4% in the third quarter. The Manufacturers Life Insurance Company now owns 2,175,038 shares of the basic materials company’s stock valued at $103,968,000 after buying an additional 187,512 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Cameco by 44.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after buying an additional 664,828 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 1.3 %

CCJ stock opened at $44.04 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company has a fifty day moving average price of $49.87 and a two-hundred day moving average price of $49.91. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The stock has a market cap of $19.17 billion, a price-to-earnings ratio of 157.27 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Equities analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $66.56.

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.