Northwestern Mutual Wealth Management Co. raised its holdings in Cameco Corp (NYSE:CCJ) (TSE:CCO) by 16.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,050 shares of the basic materials company’s stock after purchasing an additional 2,238 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Cameco were worth $189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Pinnacle Financial Partners Inc. acquired a new position in Cameco during the 1st quarter worth approximately $29,000. Truvestments Capital LLC acquired a new position in Cameco during the 1st quarter worth approximately $39,000. Baldwin Brothers Inc. MA acquired a new position in Cameco during the 1st quarter worth approximately $41,000. Acadian Asset Management LLC acquired a new position in Cameco during the 1st quarter worth approximately $61,000. Finally, NumerixS Investment Technologies Inc boosted its position in Cameco by 9,400.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 9,500 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 9,400 shares during the last quarter. 51.64% of the stock is currently owned by institutional investors.

A number of equities analysts have weighed in on the company. Zacks Investment Research raised Cameco from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. TD Securities downgraded Cameco from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of Cameco in a research note on Thursday, May 2nd. Finally, Raymond James reiterated a “buy” rating on shares of Cameco in a research note on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $14.67.

Shares of Cameco stock traded up $0.06 on Wednesday, reaching $10.26. 21,567 shares of the company were exchanged, compared to its average volume of 1,900,627. Cameco Corp has a one year low of $9.39 and a one year high of $13.04. The stock has a market cap of $4.01 billion, a P/E ratio of 25.58 and a beta of 0.87. The company has a quick ratio of 1.78, a current ratio of 2.55 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.04). Cameco had a return on equity of 3.13% and a net margin of 4.72%. The company had revenue of $297.50 million for the quarter, compared to the consensus estimate of $392.93 million. During the same quarter in the prior year, the company earned $0.06 EPS. The company’s revenue for the quarter was down 32.3% on a year-over-year basis. On average, sell-side analysts expect that Cameco Corp will post 0.03 EPS for the current year.

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About Cameco

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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