Riverwater Partners LLC Acquires 1,286 Shares of Cameco Co. (NYSE:CCJ)

Riverwater Partners LLC boosted its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 18.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,364 shares of the basic materials company’s stock after acquiring an additional 1,286 shares during the quarter. Riverwater Partners LLC’s holdings in Cameco were worth $430,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CCJ. Sierra Ocean LLC purchased a new stake in Cameco in the fourth quarter valued at approximately $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Cameco during the 4th quarter worth $28,000. Whipplewood Advisors LLC purchased a new position in Cameco in the fourth quarter worth $33,000. Compass Planning Associates Inc bought a new position in Cameco in the fourth quarter valued at $36,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in Cameco during the third quarter valued at about $38,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 7.6 %

Shares of NYSE:CCJ opened at $37.80 on Friday. The stock’s 50-day moving average is $45.02 and its 200 day moving average is $50.25. The company has a market cap of $16.45 billion, a PE ratio of 134.98 and a beta of 1.04. 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 Co. has a 1 year low of $35.43 and a 1 year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on Cameco in a research report on Wednesday, March 12th. They set a “buy” rating on the stock. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Wednesday. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price target on shares of Cameco in a research note on Tuesday, March 4th. Finally, Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, nine have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $70.03.

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.