Ranch Capital Advisors Inc. Purchases Shares of 6,655 Cameco Co. (NYSE:CCJ)

Ranch Capital Advisors Inc. acquired a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,655 shares of the basic materials company’s stock, valued at approximately $342,000.

A number of other hedge funds have also modified their holdings of CCJ. Glenmede Trust Co. NA grew its holdings in Cameco by 2.1% in the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 191 shares during the period. Larson Financial Group LLC grew its holdings in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 226 shares during the period. Heritage Wealth Management Inc. grew its holdings in Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after purchasing an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in Cameco by 48.6% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares during the period. Finally, EdgeRock Capital LLC grew its holdings in Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after purchasing an additional 297 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCJ has been the topic of several research analyst reports. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco currently has a consensus rating of “Buy” and a consensus price target of $71.25.

Cameco Stock Performance

Shares of Cameco stock opened at $41.87 on Monday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The company has a market cap of $18.23 billion, a price-to-earnings ratio of 149.54 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The business’s 50 day moving average price is $48.80 and its 200 day moving average price is $50.02.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, research analysts predict that Cameco Co. will post 1.27 EPS for the current 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.