Hardman Johnston Global Advisors LLC Boosts Stake in Cameco Co. (NYSE:CCJ)

Hardman Johnston Global Advisors LLC lifted its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 20.6% during the 4th quarter, HoldingsChannel reports. The fund owned 22,740 shares of the basic materials company’s stock after purchasing an additional 3,880 shares during the period. Hardman Johnston Global Advisors LLC’s holdings in Cameco were worth $1,169,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Glenmede Trust Co. NA lifted its stake in Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock valued at $437,000 after buying an additional 191 shares in the last quarter. S.A. Mason LLC lifted its stake in Cameco by 6.0% in the 3rd quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company’s stock valued at $175,000 after buying an additional 206 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after buying an additional 267 shares in the last quarter. Highview Capital Management LLC DE lifted its stake in Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock valued at $321,000 after buying an additional 300 shares in the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Cameco by 4.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 6,921 shares of the basic materials company’s stock valued at $331,000 after buying an additional 320 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Down 6.4 %

CCJ opened at $43.56 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The company’s 50 day simple moving average is $50.79 and its two-hundred day simple moving average is $49.75. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The firm has a market capitalization of $18.96 billion, a price-to-earnings ratio of 155.55 and a beta of 0.94.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Cameco has an average rating of “Buy” and an average 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.