Spahn Wealth & Retirement LLC Takes Position in Cameco Co. (NYSE:CCJ)

Spahn Wealth & Retirement LLC bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 110,563 shares of the basic materials company’s stock, valued at approximately $5,682,000. Cameco makes up about 3.7% of Spahn Wealth & Retirement LLC’s portfolio, making the stock its 12th biggest position.

A number of other large investors have also bought and sold shares of the stock. Sierra Ocean LLC bought a new position in shares of Cameco during the 4th quarter worth about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in Cameco in the fourth quarter worth approximately $28,000. Pingora Partners LLC acquired a new stake in Cameco in the third quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco during the fourth quarter worth approximately $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco in the 4th quarter worth $36,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

CCJ stock opened at $42.49 on Thursday. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $18.50 billion, a PE ratio of 151.75 and a beta of 1.04. The business has a 50 day moving average of $45.70 and a 200-day moving average of $50.33. Cameco Co. has a 12-month low of $35.43 and a 12-month high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. As a group, sell-side analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CCJ. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Sanford C. Bernstein started coverage on shares of Cameco in a research report on Tuesday. They issued an “outperform” rating and a $52.00 price target on the stock. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating for the company. Finally, Glj Research increased their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $70.03.

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.