Phoenix Financial Ltd. decreased its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 10.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,340 shares of the basic materials company's stock after selling 14,137 shares during the quarter. Phoenix Financial Ltd.'s holdings in Cameco were worth $5,927,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of CCJ. Dantai Capital Ltd increased its holdings in shares of Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock worth $2,735,000 after purchasing an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC bought a new position in Cameco during the fourth quarter valued at $895,000. Whalen Wealth Management Inc. bought a new stake in shares of Cameco in the 4th quarter worth about $445,000. Sprott Inc. lifted its holdings in shares of Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after acquiring an additional 34,483 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in Cameco in the fourth quarter worth about $930,000. Institutional investors own 70.21% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently commented on CCJ shares. StockNews.com cut Cameco from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Sanford C. Bernstein began coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective for the company. Stifel Canada raised Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Finally, Stifel Nicolaus initiated coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $70.03.
Read Our Latest Research Report on CCJ
Cameco Price Performance
Shares of NYSE CCJ traded down $0.10 during midday trading on Monday, hitting $40.74. The company had a trading volume of 1,307,789 shares, compared to its average volume of 4,098,830. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 145.50 and a beta of 1.04. The business has a 50-day simple moving average of $43.54 and a two-hundred day simple moving average of $50.01. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.
Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting analysts' consensus estimates of $0.26. The business had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.
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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