Horizon Kinetics Asset Management LLC Buys 99,123 Shares of Cameco Co. (NYSE:CCJ)

Horizon Kinetics Asset Management LLC grew its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 19.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 616,951 shares of the basic materials company’s stock after purchasing an additional 99,123 shares during the period. Cameco makes up about 0.4% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 23rd biggest position. Horizon Kinetics Asset Management LLC owned about 0.14% of Cameco worth $31,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CCJ. Glenmede Trust Co. NA lifted its stake in shares of Cameco by 2.1% during the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 191 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 226 shares during the last quarter. Heritage Wealth Management Inc. lifted its stake in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after acquiring an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 267 shares during the last quarter. Finally, EdgeRock Capital LLC lifted its stake in shares of Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after acquiring an additional 297 shares during the last quarter. 70.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CCJ has been the subject of a number of research analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Glj Research lifted their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $73.64.

Cameco Trading Up 1.5 %

Shares of NYSE:CCJ opened at $42.44 on Monday. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55. The business’s fifty day simple moving average is $47.80 and its 200-day simple moving average is $50.03. The company has a market capitalization of $18.47 billion, a PE ratio of 151.55 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 results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts predict that Cameco Co. will post 1.27 earnings per share 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.