Cameco Co. (NYSE:CCJ) Shares Acquired by Axa S.A.

Axa S.A. boosted its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 433.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 20,194 shares of the basic materials company’s stock after acquiring an additional 16,411 shares during the quarter. Axa S.A.’s holdings in Cameco were worth $1,038,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCJ. Larson Financial Group LLC increased its stake in shares of Cameco by 37.4% during the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock worth $43,000 after purchasing an additional 226 shares in the last quarter. Heritage Wealth Management Inc. increased its stake in Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after buying an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares during the last quarter. EdgeRock Capital LLC boosted its stake in shares of Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after acquiring an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE increased its position in shares of Cameco by 5.0% during the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE CCJ opened at $50.76 on Friday. The stock has a market cap of $22.10 billion, a PE ratio of 181.29 and a beta of 0.89. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The stock has a fifty day simple moving average of $42.74 and a 200-day simple moving average of $48.97. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The company had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. During the same period last year, the firm posted $0.13 earnings per share. Cameco’s revenue was up 24.4% on a year-over-year basis. Equities analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on CCJ. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Sanford C. Bernstein started coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an “outperform” rating and a $52.00 target price on the stock. Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. One equities research analyst has rated the stock with a sell rating, nine have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $70.03.

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.