EdgeRock Capital LLC Invests $688,000 in Cameco Co. (NYSE:CCJ)

EdgeRock Capital LLC acquired a new stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,952 shares of the basic materials company’s stock, valued at approximately $688,000. Cameco comprises about 0.5% of EdgeRock Capital LLC’s holdings, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP grew its position in shares of Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 682 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Cameco during the fourth quarter valued at approximately $34,000. Sandy Spring Bank acquired a new position in shares of Cameco during the fourth quarter worth approximately $43,000. Blue Trust Inc. grew its holdings in Cameco by 57.5% in the 4th quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock worth $57,000 after buying an additional 521 shares in the last quarter. Finally, Covestor Ltd acquired a new stake in Cameco in the 3rd quarter valued at approximately $99,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Up 2.0 %

CCJ stock traded up $1.02 during mid-day trading on Tuesday, reaching $51.75. 6,532,956 shares of the stock traded hands, compared to its average volume of 5,076,142. Cameco Co. has a 52-week low of $26.15 and a 52-week high of $52.80. The stock’s fifty day moving average is $45.47 and its 200-day moving average is $44.59. The company has a market cap of $22.47 billion, a P/E ratio of 132.69 and a beta of 0.92. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $620.00 million during the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. As a group, sell-side analysts expect that Cameco Co. will post 1.37 earnings per share for the current year.

Wall Street Analyst Weigh In

CCJ has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 price target for the company. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $62.75.

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.