Cameco Co. (NYSE:CCJ) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its stake in shares of Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 3.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 178,006 shares of the basic materials company’s stock after purchasing an additional 6,650 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Cameco were worth $4,035,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crewe Advisors LLC lifted its holdings in Cameco by 1,175.8% in 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 in the last quarter. Larson Financial Group LLC raised its stake 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 purchasing an additional 602 shares in the last quarter. Bogart Wealth LLC acquired a new stake in shares of Cameco in the 3rd quarter valued at about $47,000. 1832 Asset Management L.P. raised its stake in shares of Cameco by 61.9% in the 1st quarter. 1832 Asset Management L.P. now owns 1,700 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 650 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its stake in shares of Cameco by 197.5% in the 3rd quarter. Zions Bancorporation N.A. now owns 2,228 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 1,479 shares in the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cameco Trading Down 1.3 %

Shares of NYSE:CCJ opened at $26.92 on Friday. The company has a 50 day moving average of $26.09 and a 200-day moving average of $25.41. The firm has a market cap of $11.66 billion, a P/E ratio of 92.83 and a beta of 0.95. Cameco Co. has a twelve month low of $20.34 and a twelve month high of $31.29. The company has a current ratio of 7.75, a quick ratio of 6.64 and a debt-to-equity ratio of 0.17.

Cameco Company Profile

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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.