Cameco (NYSE:CCJ) Shares Down 3.8% - Time to Sell?

Shares of Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO traded down 3.8% during trading on Monday . The stock traded as low as $46.73 and last traded at $47.22. 5,178,500 shares were traded during mid-day trading, an increase of 10% from the average session volume of 4,709,515 shares. The stock had previously closed at $49.08.

Cameco Price Performance

The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The company's 50 day moving average price is $51.00 and its 200 day moving average price is $49.62. The company has a market cap of $18.96 billion, a price-to-earnings ratio of 229.25 and a beta of 0.94.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 4.15% and a return on equity of 3.33%. The firm had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. Equities research analysts forecast that Cameco Co. will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On Cameco

Several hedge funds have recently added to or reduced their stakes in CCJ. Glenmede Trust Co. NA grew its holdings in shares of Cameco by 2.1% during the third quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company's stock worth $437,000 after buying an additional 191 shares in the last quarter. S.A. Mason LLC grew its holdings in Cameco by 6.0% in the third quarter. S.A. Mason LLC now owns 3,655 shares of the basic materials company's stock valued at $175,000 after purchasing an additional 206 shares during the period. Larson Financial Group LLC grew its holdings in Cameco by 37.4% in the fourth quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock valued at $43,000 after purchasing an additional 226 shares during the period. Two Sigma Investments LP grew its holdings in Cameco by 0.5% in the fourth quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company's stock valued at $2,592,000 after purchasing an additional 238 shares during the period. Finally, Heritage Wealth Management Inc. grew its holdings in Cameco by 0.8% in the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock valued at $1,587,000 after purchasing an additional 250 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

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.