Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 11.7% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 471,616 shares of the basic materials company's stock after selling 62,441 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Cameco worth $24,236,000 as of its most recent filing with the SEC.
A number of other hedge funds have also made changes to their positions in CCJ. Dantai Capital Ltd increased its position in Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock valued at $2,735,000 after acquiring an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC bought a new position in Cameco in the fourth quarter valued at approximately $895,000. Whalen Wealth Management Inc. bought a new position in Cameco in the fourth quarter valued at approximately $445,000. iA Global Asset Management Inc. bought a new position in Cameco in the third quarter valued at approximately $5,305,000. Finally, Telemark Asset Management LLC lifted its stake in Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company's stock valued at $62,088,000 after buying an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.
Cameco Stock Down 3.8 %
CCJ traded down $1.86 during trading on Friday, reaching $47.22. The company had a trading volume of 5,178,500 shares, compared to its average volume of 4,709,515. 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 12 month low of $35.43 and a 12 month high of $62.55. The business's fifty day moving average price is $51.80 and its 200 day moving average price is $49.52. The company has a market cap of $20.56 billion, a P/E ratio of 248.56 and a beta of 0.94.
Cameco Company Profile
(
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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