Wealthstar Advisors LLC Invests $468,000 in Cameco Co. (NYSE:CCJ)

Wealthstar Advisors LLC purchased a new stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,105 shares of the basic materials company’s stock, valued at approximately $468,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Empowered Funds LLC grew its position in shares of Cameco by 166.4% in the fourth quarter. Empowered Funds LLC now owns 42,813 shares of the basic materials company’s stock valued at $2,200,000 after purchasing an additional 26,742 shares during the period. BayBridge Capital Group LLC boosted its holdings in Cameco by 4.5% in the 4th quarter. BayBridge Capital Group LLC now owns 11,803 shares of the basic materials company’s stock worth $607,000 after buying an additional 511 shares during the last quarter. Shepherd Financial Partners LLC acquired a new position in shares of Cameco during the fourth quarter valued at approximately $200,000. Triasima Portfolio Management inc. purchased a new position in shares of Cameco in the fourth quarter valued at approximately $2,474,000. Finally, Tobam boosted its stake in shares of Cameco by 9.7% in the fourth quarter. Tobam now owns 13,674 shares of the basic materials company’s stock worth $703,000 after acquiring an additional 1,207 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 2.6 %

Shares of CCJ opened at $49.97 on Monday. The stock has a 50 day moving average price of $52.88 and a 200 day moving average price of $49.38. 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 stock has a market capitalization of $21.75 billion, a price-to-earnings ratio of 263.02 and a beta of 0.94. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Thursday, November 7th. The basic materials company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.40). The business had revenue of $721.00 million during the quarter, compared to analyst estimates of $646.83 million. Cameco had a net margin of 4.15% and a return on equity of 3.33%. Cameco’s quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. Equities research analysts forecast that Cameco Co. will post 0.44 earnings per share for the current fiscal 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.