Orion Investment Co Purchases 600 Shares of Cameco Co. (NYSE:CCJ)

Orion Investment Co boosted its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,380 shares of the basic materials company’s stock after purchasing an additional 600 shares during the period. Cameco comprises approximately 1.0% of Orion Investment Co’s investment portfolio, making the stock its 26th biggest position. Orion Investment Co’s holdings in Cameco were worth $2,383,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Prudential PLC acquired a new stake in shares of Cameco in the 4th quarter valued at approximately $854,000. ExodusPoint Capital Management LP acquired a new stake in shares of Cameco during the 4th quarter valued at $1,193,000. Spahn Wealth & Retirement LLC bought a new position in Cameco in the fourth quarter valued at about $5,682,000. Arete Wealth Advisors LLC acquired a new position in shares of Cameco in the fourth quarter valued at approximately $311,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in Cameco by 0.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,159,270 shares of the basic materials company’s stock valued at $110,965,000 after buying an additional 8,165 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCJ. Glj Research boosted their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Stifel Nicolaus assumed coverage on Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Stifel Canada upgraded Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Finally, StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $70.03.

Cameco Stock Down 3.6 %

Shares of NYSE:CCJ opened at $40.93 on Friday. The firm has a market cap of $17.82 billion, a P/E ratio of 146.16 and a beta of 1.04. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The business’s 50 day simple moving average is $45.38 and its two-hundred day simple moving average is $50.27. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, research analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

About Cameco

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.