Foster Victor Wealth Advisors LLC Acquires 54,551 Shares of Cameco Co. (NYSE:CCJ)

Foster Victor Wealth Advisors LLC grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 48.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,795 shares of the basic materials company’s stock after acquiring an additional 54,551 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Cameco were worth $8,436,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCJ. LRI Investments LLC bought a new stake in shares of Cameco in the first quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 238 shares during the period. Larson Financial Group LLC boosted its position in shares of Cameco by 99.3% in the first quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after acquiring an additional 600 shares during the period. Crewe Advisors LLC bought a new stake in shares of Cameco in the first quarter valued at about $87,000. Finally, BNP Paribas bought a new stake in Cameco during the first quarter worth about $93,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 0.3 %

CCJ stock opened at $51.72 on Wednesday. The stock has a market capitalization of $22.51 billion, a P/E ratio of 132.62 and a beta of 0.90. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $56.24. The firm has a 50-day moving average price of $43.34 and a 200-day moving average price of $47.46.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company had revenue of $598.00 million during the quarter, compared to the consensus estimate of $756.00 million. During the same period last year, the company posted ($0.01) EPS. The firm’s revenue was up 24.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Cameco Co. will post 0.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent analyst reports. Scotiabank cut their price objective on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Bank of America upped their price objective on shares of Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald raised shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Finally, National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco currently has a consensus rating of “Buy” and an average price target of $66.56.

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.