MH & Associates Securities Management Corp ADV Makes New $2.87 Million Investment in Cameco Corporation $CCJ

MH & Associates Securities Management Corp ADV acquired a new position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 31,359 shares of the basic materials company’s stock, valued at approximately $2,869,000. Cameco accounts for approximately 2.3% of MH & Associates Securities Management Corp ADV’s investment portfolio, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Cameco by 1.3% in the third quarter. Vanguard Group Inc. now owns 17,801,142 shares of the basic materials company’s stock worth $1,493,978,000 after purchasing an additional 235,613 shares during the period. Capital World Investors grew its stake in shares of Cameco by 0.8% in the third quarter. Capital World Investors now owns 13,503,924 shares of the basic materials company’s stock worth $1,133,147,000 after acquiring an additional 106,872 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cameco by 0.7% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,973,799 shares of the basic materials company’s stock worth $1,089,080,000 after acquiring an additional 85,762 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its stake in shares of Cameco by 41.4% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 7,076,815 shares of the basic materials company’s stock worth $524,988,000 after acquiring an additional 2,071,373 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Cameco by 43.3% in the third quarter. Van ECK Associates Corp now owns 5,443,807 shares of the basic materials company’s stock worth $456,530,000 after acquiring an additional 1,644,061 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 5.2%

Cameco stock opened at $115.96 on Thursday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.47 and a quick ratio of 1.68. Cameco Corporation has a one year low of $36.03 and a one year high of $135.24. The stock has a market capitalization of $50.51 billion, a PE ratio of 119.55 and a beta of 1.02. The business’s fifty day moving average is $114.47 and its 200 day moving average is $101.50.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, February 13th. The basic materials company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.29 by $0.07. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The company had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. During the same period last year, the firm posted $0.36 earnings per share. Cameco’s revenue was up 1.5% compared to the same quarter last year. On average, sell-side analysts predict that Cameco Corporation will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce increased their target price on Cameco to $202.00 in a research note on Monday, March 9th. Weiss Ratings raised Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. The Goldman Sachs Group reissued a “buy” rating and issued a $131.00 target price on shares of Cameco in a research note on Wednesday, February 4th. Zacks Research cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Cameco in a report on Wednesday, January 14th. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $150.40.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.