Financial Insights Inc. Has $1.33 Million Stock Position in Cameco Co. (NYSE:CCJ)

Financial Insights Inc. decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 49.5% in the third quarter, Holdings Channel.com reports. The firm owned 27,882 shares of the basic materials company’s stock after selling 27,307 shares during the period. Financial Insights Inc.’s holdings in Cameco were worth $1,332,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CCJ. Massachusetts Financial Services Co. MA acquired a new stake in Cameco during the second quarter valued at $73,125,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Cameco during the first quarter valued at about $31,131,000. King Luther Capital Management Corp bought a new position in Cameco during the second quarter valued at about $32,740,000. The Manufacturers Life Insurance Company raised its holdings in Cameco by 28.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,987,526 shares of the basic materials company’s stock valued at $97,653,000 after buying an additional 437,921 shares in the last quarter. Finally, Fred Alger Management LLC raised its holdings in Cameco by 106.2% during the second quarter. Fred Alger Management LLC now owns 841,182 shares of the basic materials company’s stock valued at $41,386,000 after buying an additional 433,234 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Trading Down 2.1 %

Cameco stock opened at $56.68 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The business’s 50-day simple moving average is $45.14 and its 200-day simple moving average is $47.77. The firm has a market capitalization of $24.67 billion, a PE ratio of 145.33 and a beta of 0.90. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCJ. Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 31st. National Bank Financial upgraded Cameco to a “strong-buy” rating in a report on Tuesday, September 3rd. Bank of America raised their target price on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. Janney Montgomery Scott upgraded Cameco to a “strong-buy” rating in a report on Friday, October 4th. Finally, Glj Research reiterated a “buy” rating and issued a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco has an average rating of “Buy” and a consensus price target of $66.56.

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.