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Cameco (NYSE:CCJ) Stock Price Down 4.6% - Should You Sell?

Cameco logo with Basic Materials background

Cameco Co. (NYSE:CCJ - Get Free Report) TSE: CCO's stock price traded down 4.6% on Friday . The company traded as low as $47.23 and last traded at $46.82. 2,064,220 shares changed hands during trading, a decline of 54% from the average session volume of 4,449,161 shares. The stock had previously closed at $49.08.

Cameco Stock Down 3.8 %

The company has a 50 day moving average price of $51.80 and a two-hundred day moving average price of $49.55. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The stock has a market cap of $20.56 billion, a PE ratio of 248.56 and a beta of 0.94.

Institutional Trading of Cameco

A number of hedge funds and other institutional investors have recently bought and sold shares of CCJ. FMR LLC increased its stake in Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after acquiring an additional 190,337 shares during the period. Vanguard Group Inc. raised its stake in shares of Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Cameco by 13.5% in the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of 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 purchasing an additional 1,386,639 shares during the period. Hedge funds and other institutional investors own 70.21% of the company's stock.

About Cameco

(Get 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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