Cameco Co. (NYSE:CCJ) Shares Bought by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 75.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,650 shares of the basic materials company’s stock after acquiring an additional 5,000 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Cameco were worth $556,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Allworth Financial LP grew its stake in Cameco by 1,049.2% during the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 682 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of Cameco during the fourth quarter worth approximately $34,000. Sandy Spring Bank acquired a new stake in Cameco in the fourth quarter valued at approximately $43,000. Blue Trust Inc. lifted its stake in Cameco by 57.5% in the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 521 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new position in Cameco during the 4th quarter worth approximately $106,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Cameco in a research report on Monday, April 1st. They set a “buy” rating and a $55.00 price objective for the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.75.

Cameco Stock Performance

CCJ traded up $1.33 on Tuesday, reaching $48.62. The company had a trading volume of 1,476,068 shares, compared to its average volume of 5,106,777. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. Cameco Co. has a 1 year low of $25.35 and a 1 year high of $52.64. The stock has a market capitalization of $21.11 billion, a PE ratio of 78.83 and a beta of 0.92. The stock has a 50-day moving average price of $43.88 and a 200-day moving average price of $43.70.

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

Cameco Company 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.