Horizon Kinetics Asset Management LLC Increases Stock Holdings in Cameco Co. (NYSE:CCJ)

Horizon Kinetics Asset Management LLC increased its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 19.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 616,951 shares of the basic materials company’s stock after purchasing an additional 99,123 shares during the period. Cameco comprises 0.4% of Horizon Kinetics Asset Management LLC’s holdings, making the stock its 23rd largest holding. Horizon Kinetics Asset Management LLC’s holdings in Cameco were worth $31,705,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Cameco during the 4th quarter worth $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in Cameco during the 4th quarter valued at about $28,000. Pingora Partners LLC purchased a new stake in Cameco during the 3rd quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new stake in Cameco during the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc purchased a new stake in Cameco during the 4th quarter valued at about $36,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CCJ. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They set a “buy” rating on the stock. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Tuesday, March 11th. Glj Research boosted their price target on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a report on Tuesday, March 4th. Finally, Stifel Canada raised Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, seven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $73.64.

Cameco Stock Performance

Shares of CCJ stock opened at $42.44 on Monday. The stock has a market cap of $18.47 billion, a PE ratio of 151.55 and a beta of 1.04. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business has a 50-day simple moving average of $47.80 and a 200-day simple moving average of $50.03.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results 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 return on equity of 4.34% and a net margin of 5.39%. On average, equities analysts expect that Cameco Co. will post 1.27 EPS for the current year.

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.