Sentry Investment Management LLC Invests $437,000 in Cameco Co. (NYSE:CCJ)

Sentry Investment Management LLC purchased a new position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,129 shares of the basic materials company’s stock, valued at approximately $437,000.

Several other hedge funds also recently made changes to their positions in CCJ. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cameco by 37.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after buying an additional 4,644,453 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Cameco by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 454,418 shares of the basic materials company’s stock valued at $13,223,000 after buying an additional 9,757 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Cameco by 6.0% in the first quarter. American Century Companies Inc. now owns 25,154 shares of the basic materials company’s stock valued at $733,000 after buying an additional 1,414 shares in the last quarter. BlackRock Inc. grew its stake in shares of Cameco by 10.4% in the first quarter. BlackRock Inc. now owns 554,571 shares of the basic materials company’s stock valued at $16,138,000 after buying an additional 52,341 shares in the last quarter. Finally, Aviva PLC bought a new position in shares of Cameco in the first quarter valued at $819,000. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. The Goldman Sachs Group assumed coverage on shares of Cameco in a research note on Monday, April 1st. They issued a “buy” rating and a $55.00 target price for the company. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. Finally, Cantor Fitzgerald downgraded Cameco from a “buy” rating to a “neutral” rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Cameco has an average rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Stock Performance

Shares of CCJ stock opened at $47.83 on Tuesday. The business’s 50 day simple moving average is $43.64 and its 200 day simple moving average is $43.33. Cameco Co. has a one year low of $25.11 and a one year high of $52.64. The stock has a market capitalization of $20.77 billion, a PE ratio of 80.52 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The company had revenue of $620.00 million during the quarter. As a group, research analysts forecast that Cameco Co. will post 1.55 earnings per share for the current year.

About Cameco

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.