Moerus Capital Management LLC lessened its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 620,008 shares of the basic materials company's stock after selling 47,059 shares during the period. Cameco makes up about 11.6% of Moerus Capital Management LLC's portfolio, making the stock its 5th biggest position. Moerus Capital Management LLC owned approximately 0.14% of Cameco worth $31,861,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Cameco during the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new position in Cameco during the fourth quarter worth about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Cameco in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new stake in Cameco in the 4th quarter valued at $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Stock Performance
Shares of CCJ stock traded down $1.34 during trading on Thursday, reaching $38.71. The company had a trading volume of 1,994,235 shares, compared to its average volume of 4,125,922. The company has a market capitalization of $16.85 billion, a PE ratio of 138.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a one year low of $35.00 and a one year high of $62.55. The firm's 50 day simple moving average is $43.91 and its two-hundred day simple moving average is $50.10.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.26. The business 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%. Sell-side analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CCJ shares. Glj Research upped their target price on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Finally, Sanford C. Bernstein initiated coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $70.03.
Get Our Latest Stock Report on CCJ
Cameco Profile
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Free Report)
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.
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