Cameco Co. (NYSE:CCJ) Stock Position Increased by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. boosted its stake in shares of Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 465,250 shares of the basic materials company’s stock after buying an additional 11,486 shares during the period. Cameco makes up approximately 1.5% of Pekin Hardy Strauss Inc.’s holdings, making the stock its 6th largest holding. Pekin Hardy Strauss Inc. owned approximately 0.11% of Cameco worth $10,547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Crewe Advisors LLC raised its stake in shares of Cameco by 1,175.8% during the 4th quarter. Crewe Advisors LLC now owns 1,263 shares of the basic materials company’s stock worth $29,000 after buying an additional 1,164 shares during the period. Larson Financial Group LLC increased its holdings in shares of Cameco by 46.0% in the 4th quarter. Larson Financial Group LLC now owns 1,910 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 602 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Cameco by 61.9% during the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock worth $49,000 after buying an additional 650 shares during the last quarter. Platinum Investment Management Ltd. purchased a new position in Cameco during the 3rd quarter worth approximately $81,000. Finally, Parallel Advisors LLC grew its stake in shares of Cameco by 12.4% in the 4th quarter. Parallel Advisors LLC now owns 3,889 shares of the basic materials company’s stock valued at $88,000 after purchasing an additional 429 shares during the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.

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Cameco Trading Down 2.6 %

Shares of NYSE CCJ traded down $0.79 during midday trading on Wednesday, reaching $29.81. 4,855,572 shares of the stock were exchanged, compared to its average volume of 4,363,441. The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of 105.50 and a beta of 0.95. Cameco Co. has a 12 month low of $20.34 and a 12 month high of $31.44. The business has a 50-day simple moving average of $26.99 and a two-hundred day simple moving average of $25.82. The company has a debt-to-equity ratio of 0.17, a current ratio of 7.75 and a quick ratio of 6.64.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Scotiabank boosted their price target on Cameco from C$43.00 to C$50.00 in a report on Friday, February 10th. Raymond James upped their target price on Cameco to C$50.00 in a report on Monday, May 1st. StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, TD Securities increased their price objective on Cameco from C$50.00 to C$51.00 in a research report on Monday, May 1st.

About Cameco

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Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

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