Natixis Advisors LLC Has $5.85 Million Stock Holdings in Cameco Co. (NYSE:CCJ)

Natixis Advisors LLC raised its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 25.3% during the 4th quarter, HoldingsChannel reports. The firm owned 113,765 shares of the basic materials company’s stock after purchasing an additional 22,949 shares during the quarter. Natixis Advisors LLC’s holdings in Cameco were worth $5,846,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA boosted its position in shares of Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after acquiring an additional 191 shares during the period. Larson Financial Group LLC boosted its position in shares of Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 226 shares during the period. Heritage Wealth Management Inc. boosted its position in shares of Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after acquiring an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares during the period. Finally, EdgeRock Capital LLC boosted its position in shares of Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after acquiring an additional 297 shares during the period. Institutional investors and hedge funds own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

CCJ has been the subject of several research reports. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They issued a “buy” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Glj Research raised their target price on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research report on Wednesday, March 12th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $73.64.

Cameco Stock Down 0.5 %

Shares of NYSE CCJ opened at $44.62 on Friday. The stock has a market cap of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. The business has a fifty day moving average of $47.03 and a two-hundred day moving average of $50.01. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings data 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. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, equities research analysts expect 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.