Sentry Investment Management LLC Makes New Investment in Cameco Co. (NYSE:CCJ)

Sentry Investment Management LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 10,129 shares of the basic materials company’s stock, valued at approximately $437,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its position in shares of Cameco by 21.6% during the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after buying an additional 4,865,085 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cameco by 37.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock worth $497,555,000 after purchasing an additional 4,644,453 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cameco by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock worth $616,343,000 after purchasing an additional 236,212 shares in the last quarter. Capital World Investors raised its holdings in shares of Cameco by 402.0% in the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after purchasing an additional 8,113,385 shares in the last quarter. Finally, Alliancebernstein L.P. raised its holdings in shares of Cameco by 6.6% in the 2nd quarter. Alliancebernstein L.P. now owns 7,926,606 shares of the basic materials company’s stock worth $248,341,000 after purchasing an additional 493,514 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

CCJ stock opened at $47.83 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $20.77 billion, a price-to-earnings ratio of 80.52 and a beta of 0.92. Cameco Co. has a 12 month low of $25.11 and a 12 month high of $52.64. The firm has a 50 day moving average of $43.64 and a two-hundred day moving average of $43.33.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). The business had revenue of $620.00 million during the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. As a group, equities analysts anticipate that Cameco Co. will post 1.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on CCJ. StockNews.com downgraded shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. Cantor Fitzgerald downgraded shares of Cameco from a “buy” rating to a “neutral” rating in a research report on Tuesday, December 19th. Finally, The Goldman Sachs Group initiated coverage on shares of Cameco in a research report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.75.

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.