Stanley Laman Group Ltd. Has $13.07 Million Position in Cameco Co. (NYSE:CCJ)

Stanley Laman Group Ltd. increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 9.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 273,739 shares of the basic materials company’s stock after purchasing an additional 23,232 shares during the quarter. Cameco accounts for 1.8% of Stanley Laman Group Ltd.’s portfolio, making the stock its 3rd biggest holding. Stanley Laman Group Ltd. owned about 0.06% of Cameco worth $13,074,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tidal Investments LLC grew its position in Cameco by 15.5% in the 1st quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company’s stock worth $868,000 after purchasing an additional 2,683 shares during the period. LRI Investments LLC bought a new stake in shares of Cameco in the first quarter worth $30,000. Susquehanna Fundamental Investments LLC purchased a new stake in Cameco during the first quarter valued at $295,000. Moss Adams Wealth Advisors LLC bought a new position in Cameco in the third quarter valued at about $441,000. Finally, Sei Investments Co. boosted its position in Cameco by 285.3% in the second quarter. Sei Investments Co. now owns 71,774 shares of the basic materials company’s stock worth $3,530,000 after purchasing an additional 53,144 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Down 2.1 %

Shares of CCJ stock opened at $56.68 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 3.22 and a quick ratio of 1.48. Cameco Co. has a one year low of $35.43 and a one year high of $58.72. The company’s fifty day moving average price is $45.14 and its 200-day moving average price is $47.77. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 145.33 and a beta of 0.90.

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

Wall Street Analyst Weigh In

Several research firms have recently commented on CCJ. Scotiabank reduced their price target on shares of Cameco from $81.00 to $80.00 and set an “outperform” rating for the company in a research report on Monday, August 19th. Janney Montgomery Scott raised shares of Cameco to a “strong-buy” rating in a report on Friday, October 4th. Cantor Fitzgerald upgraded shares of Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. National Bank Financial raised shares of Cameco to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, Bank of America raised their target price on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a report on Wednesday, June 26th. One research analyst has rated the stock with a sell rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company presently 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.