Azarias Capital Management L.P. Lowers Stock Holdings in Cameco Co. (NYSE:CCJ)

Azarias Capital Management L.P. trimmed its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 41.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 118,666 shares of the basic materials company's stock after selling 85,590 shares during the period. Cameco accounts for about 2.7% of Azarias Capital Management L.P.'s portfolio, making the stock its 17th biggest holding. Azarias Capital Management L.P.'s holdings in Cameco were worth $6,098,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc lifted its holdings in Cameco by 58.0% during the 3rd quarter. CIBC Asset Management Inc now owns 3,777,866 shares of the basic materials company's stock worth $181,382,000 after buying an additional 1,386,639 shares during the period. M&G PLC acquired a new position in Cameco during the 3rd quarter worth approximately $66,227,000. Segra Capital Management LLC bought a new stake in Cameco during the 3rd quarter worth approximately $53,013,000. Fred Alger Management LLC increased its holdings in Cameco by 99.7% during the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company's stock worth $80,249,000 after purchasing an additional 839,077 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Cameco by 44.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company's stock worth $102,737,000 after purchasing an additional 664,828 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Down 3.8 %

CCJ traded down $1.86 during midday trading on Friday, reaching $47.22. 5,178,500 shares of the company were exchanged, compared to its average volume of 4,709,515. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 248.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company's fifty day moving average price is $51.80 and its 200 day moving average price is $49.52. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

About Cameco

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.