Enlightenment Research LLC Takes $208,000 Position in Cameco Co. (NYSE:CCJ)

Enlightenment Research LLC bought a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 12,500 shares of the basic materials company’s stock, valued at approximately $208,000.

Other institutional investors have also added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in Cameco in the 1st quarter valued at $33,000. Steward Partners Investment Advisory LLC grew its holdings in shares of Cameco by 130.9% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,822 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 1,600 shares in the last quarter. S.A. Mason LLC raised its holdings in Cameco by 221.6% during the first quarter. S.A. Mason LLC now owns 2,830 shares of the basic materials company’s stock worth $47,000 after acquiring an additional 1,950 shares in the last quarter. Parallel Advisors LLC boosted its position in Cameco by 101.9% during the fourth quarter. Parallel Advisors LLC now owns 3,190 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. bought a new position in Cameco in the first quarter valued at approximately $58,000. 58.75% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on the stock. Scotiabank boosted their target price on shares of Cameco from $23.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, April 12th. Royal Bank of Canada lifted their price target on Cameco from $15.00 to $17.00 and gave the stock an “underperform” rating in a report on Monday, May 10th. TD Securities boosted their target price on Cameco from $22.00 to $25.00 and gave the stock a “hold” rating in a report on Monday, May 10th. BMO Capital Markets downgraded Cameco from an “outperform” rating to a “market perform” rating in a report on Monday, May 10th. Finally, Bank of America lowered shares of Cameco from a “buy” rating to a “neutral” rating in a research report on Thursday, February 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $21.83.

Shares of Cameco stock opened at $21.63 on Friday. The company has a quick ratio of 5.87, a current ratio of 8.21 and a debt-to-equity ratio of 0.20. The firm has a market cap of $8.60 billion, a PE ratio of -360.44 and a beta of 1.02. Cameco Co. has a twelve month low of $9.01 and a twelve month high of $21.85. The business has a 50-day simple moving average of $18.64.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, May 6th. The basic materials company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.01. The company had revenue of $290.00 million for the quarter, compared to analysts’ expectations of $363.81 million. Cameco had a negative net margin of 2.02% and a negative return on equity of 2.47%. The business’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same period last year, the firm earned $0.07 earnings per share. On average, equities analysts forecast that Cameco Co. will post 0.05 EPS for the current year.

About Cameco

Cameco Corporation produces and sells uranium. It operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as 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.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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