Allen Investment Management LLC Buys 13,273 Shares of Cameco Corporation $CCJ

Allen Investment Management LLC lifted its stake in shares of Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 68.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,713 shares of the basic materials company’s stock after purchasing an additional 13,273 shares during the quarter. Allen Investment Management LLC’s holdings in Cameco were worth $2,996,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Allianz Asset Management GmbH raised its holdings in Cameco by 278.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock valued at $12,208,000 after buying an additional 106,987 shares during the last quarter. Mediolanum International Funds Ltd grew its holdings in Cameco by 165.5% during the 3rd quarter. Mediolanum International Funds Ltd now owns 34,267 shares of the basic materials company’s stock worth $2,894,000 after acquiring an additional 21,361 shares during the last quarter. Legal & General Group Plc grew its holdings in Cameco by 4.6% during the 3rd quarter. Legal & General Group Plc now owns 2,483,216 shares of the basic materials company’s stock worth $208,450,000 after acquiring an additional 108,841 shares during the last quarter. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new position in Cameco in the 4th quarter valued at approximately $1,974,000. Finally, Caprock Group LLC bought a new position in shares of Cameco during the third quarter valued at $1,066,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 0.0%

CCJ stock opened at $112.71 on Tuesday. The stock’s 50 day simple moving average is $113.12 and its 200 day simple moving average is $107.90. Cameco Corporation has a fifty-two week low of $58.18 and a fifty-two week high of $135.24. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.09 and a current ratio of 3.08. The company has a market cap of $49.09 billion, a P/E ratio of 104.37, a price-to-earnings-growth ratio of 1.90 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $607.49 million during the quarter, compared to analysts’ expectations of $598.63 million. Cameco had a return on equity of 11.05% and a net margin of 18.38%.The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. On average, research analysts expect that Cameco Corporation will post 1.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of a number of recent research reports. Sanford C. Bernstein reiterated an “outperform” rating and set a $147.00 price target on shares of Cameco in a report on Thursday, February 5th. The Goldman Sachs Group restated a “buy” rating and set a $131.00 price target on shares of Cameco in a report on Wednesday, February 4th. Glj Research reaffirmed a “buy” rating and issued a $171.20 price objective (up from $100.00) on shares of Cameco in a research note on Wednesday, February 18th. TD Securities cut shares of Cameco from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Cameco to $202.00 in a research note on Monday, March 9th. Eleven research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average target price of $148.62.

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.