Summit Financial LLC Increases Position in Cameco Co. (NYSE:CCJ)

Summit Financial LLC boosted its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,810 shares of the basic materials company’s stock after purchasing an additional 1,673 shares during the period. Summit Financial LLC’s holdings in Cameco were worth $1,595,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Cameco by 2.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 45,555 shares of the basic materials company’s stock worth $1,973,000 after purchasing an additional 1,194 shares during the period. Leavell Investment Management Inc. boosted its holdings in shares of Cameco by 3.6% during the first quarter. Leavell Investment Management Inc. now owns 48,650 shares of the basic materials company’s stock worth $2,108,000 after purchasing an additional 1,700 shares during the period. U S Global Investors Inc. boosted its holdings in shares of Cameco by 100.0% during the first quarter. U S Global Investors Inc. now owns 10,000 shares of the basic materials company’s stock worth $433,000 after purchasing an additional 5,000 shares during the period. Simplicity Wealth LLC purchased a new stake in shares of Cameco during the first quarter worth about $2,647,000. Finally, Venturi Wealth Management LLC raised its stake in Cameco by 235.3% in the first quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock worth $25,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 0.9 %

NYSE:CCJ traded down $0.45 during midday trading on Thursday, reaching $51.69. 3,533,942 shares of the stock traded hands, compared to its average volume of 4,877,417. Cameco Co. has a 12-month low of $26.15 and a 12-month high of $54.93. The business has a 50-day moving average of $47.92 and a two-hundred day moving average of $45.50. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42. The stock has a market capitalization of $22.47 billion, a PE ratio of 132.54 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The business had revenue of $470.29 million for the quarter. On average, equities analysts forecast that Cameco Co. will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CCJ. The Goldman Sachs Group began coverage on shares of Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 price target for the company. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cameco currently has an average rating of “Moderate Buy” and an average price target 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.