Parallel Advisors LLC Grows Position in Cameco Co. (NYSE:CCJ)

Parallel Advisors LLC boosted its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,932 shares of the basic materials company’s stock after purchasing an additional 382 shares during the period. Parallel Advisors LLC’s holdings in Cameco were worth $510,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Cameco during the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in Cameco during the 4th quarter valued at approximately $28,000. Pingora Partners LLC acquired a new stake in Cameco during the 3rd quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in Cameco during the 4th quarter valued at approximately $33,000. Finally, Compass Planning Associates Inc acquired a new stake in Cameco during the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Performance

NYSE:CCJ opened at $44.86 on Friday. 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 company has a fifty day moving average of $47.13 and a two-hundred day moving average of $49.99. The stock has a market capitalization of $19.53 billion, a PE ratio of 160.21 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The company had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. As a group, research analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CCJ shares. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Glj Research lifted their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating for the company. Finally, StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $73.64.

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.