EP Wealth Advisors LLC Boosts Holdings in Cameco Co. (NYSE:CCJ)

EP Wealth Advisors LLC grew its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,420 shares of the basic materials company’s stock after purchasing an additional 1,499 shares during the quarter. EP Wealth Advisors LLC’s holdings in Cameco were worth $433,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Cameco during the 4th quarter valued at approximately $25,000. Hurley Capital LLC acquired a new stake in shares of Cameco during the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco in the 4th quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco during the fourth quarter valued at $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Trading Up 0.8%

NYSE CCJ opened at $51.12 on Tuesday. The firm’s 50-day moving average is $42.90 and its two-hundred day moving average is $48.88. The stock has a market capitalization of $22.26 billion, a P/E ratio of 182.59 and a beta of 0.89. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26.

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

Analysts Set New Price Targets

CCJ has been the topic of a number of analyst reports. StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Tuesday. Desjardins started coverage on Cameco in a research report on Friday, April 4th. They set a “buy” rating on the stock. Glj Research lifted their target price on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Finally, Sanford C. Bernstein began coverage on Cameco in a research report on Tuesday, April 1st. They set an “outperform” rating and a $52.00 price target for the company. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus 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.