Strategic Financial Concepts LLC Invests $2.36 Million in Cameco Co. (NYSE:CCJ)

Strategic Financial Concepts LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 45,891 shares of the basic materials company’s stock, valued at approximately $2,358,000.

A number of other hedge funds have also added to or reduced their stakes in CCJ. Principal Securities Inc. increased its stake in shares of Cameco by 132.9% in the 4th quarter. Principal Securities Inc. now owns 1,742 shares of the basic materials company’s stock valued at $90,000 after purchasing an additional 994 shares during the last quarter. Myriad Asset Management US LP bought a new position in Cameco in the fourth quarter valued at about $1,444,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Cameco by 38.8% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 91,686 shares of the basic materials company’s stock worth $4,712,000 after acquiring an additional 25,643 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Cameco by 10.4% in the 4th quarter. Vontobel Holding Ltd. now owns 15,735 shares of the basic materials company’s stock valued at $808,000 after purchasing an additional 1,485 shares in the last quarter. Finally, MGB Wealth Management LLC increased its position in Cameco by 6.4% during the 4th quarter. MGB Wealth Management LLC now owns 9,439 shares of the basic materials company’s stock worth $485,000 after purchasing an additional 569 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Stock Performance

Shares of Cameco stock opened at $47.22 on Tuesday. The company’s 50 day moving average price is $51.80 and its two-hundred day moving average price is $49.55. The firm has a market capitalization of $20.56 billion, a P/E ratio of 248.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

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.