Cameco Co. (NYSE:CCJ) Shares Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC raised its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 168.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,080 shares of the basic materials company’s stock after purchasing an additional 6,950 shares during the quarter. Autumn Glory Partners LLC’s holdings in Cameco were worth $529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Cameco by 10.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,655,676 shares of the basic materials company’s stock valued at $71,722,000 after purchasing an additional 160,113 shares during the last quarter. Wealthstar Advisors LLC boosted its holdings in Cameco by 21.2% during the first quarter. Wealthstar Advisors LLC now owns 8,656 shares of the basic materials company’s stock worth $375,000 after buying an additional 1,516 shares in the last quarter. Principal Financial Group Inc. grew its position in Cameco by 43.7% during the first quarter. Principal Financial Group Inc. now owns 22,700 shares of the basic materials company’s stock valued at $984,000 after buying an additional 6,900 shares during the period. Van ECK Associates Corp increased its holdings in Cameco by 26.2% in the first quarter. Van ECK Associates Corp now owns 789,714 shares of the basic materials company’s stock valued at $34,207,000 after buying an additional 164,095 shares in the last quarter. Finally, Hartline Investment Corp acquired a new position in shares of Cameco in the first quarter worth about $454,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 2.6 %

Shares of NYSE CCJ opened at $55.19 on Tuesday. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23. The firm has a market cap of $24.02 billion, a price-to-earnings ratio of 141.51 and a beta of 0.90. The business’s 50 day moving average is $46.24 and its two-hundred day moving average is $47.91. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $58.72.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). The company had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The firm’s revenue was up 24.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) EPS. Research analysts predict that Cameco Co. will post 0.83 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the topic of a number of recent analyst reports. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a research report on Friday, October 4th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. Scotiabank decreased their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research note on Monday, August 19th. National Bank Financial upgraded Cameco to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Glj Research restated a “buy” rating and issued a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $66.56.

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.