Bay Colony Advisory Group Inc d b a Bay Colony Advisors Boosts Stake in Cameco Co. (NYSE:CCJ)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors increased its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 37.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 12,388 shares of the basic materials company’s stock after purchasing an additional 3,406 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Cameco were worth $637,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $225,000. Callan Family Office LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $307,000. Black Swift Group LLC boosted its position in shares of Cameco by 13.5% during the 4th quarter. Black Swift Group LLC now owns 42,100 shares of the basic materials company’s stock worth $2,164,000 after purchasing an additional 5,000 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Cameco during the 4th quarter worth approximately $34,440,000. Finally, Aigen Investment Management LP acquired a new stake in Cameco during the 4th quarter worth approximately $930,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of research reports. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $71.25.

Cameco Price Performance

Shares of CCJ opened at $41.87 on Friday. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The firm’s fifty day simple moving average is $48.80 and its 200-day simple moving average is $49.90. The firm has a market capitalization of $18.23 billion, a price-to-earnings ratio of 149.54 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

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

Cameco Profile

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.