Mirabella Financial Services LLP Sells 313,919 Shares of Cameco Co. (NYSE:CCJ)

Mirabella Financial Services LLP reduced its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 98.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,529 shares of the basic materials company's stock after selling 313,919 shares during the period. Mirabella Financial Services LLP's holdings in Cameco were worth $233,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCJ. Sanctuary Advisors LLC lifted its stake in shares of Cameco by 97.6% in the 3rd quarter. Sanctuary Advisors LLC now owns 13,969 shares of the basic materials company's stock valued at $667,000 after acquiring an additional 6,901 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Cameco in the third quarter valued at approximately $38,000. Tidal Investments LLC boosted its stake in shares of Cameco by 9.2% during the third quarter. Tidal Investments LLC now owns 25,396 shares of the basic materials company's stock valued at $1,213,000 after purchasing an additional 2,142 shares during the period. Synovus Financial Corp grew its holdings in shares of Cameco by 12.2% in the third quarter. Synovus Financial Corp now owns 128,137 shares of the basic materials company's stock worth $6,120,000 after purchasing an additional 13,901 shares during the last quarter. Finally, Dantai Capital Ltd increased its stake 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 buying an additional 17,560 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of CCJ stock opened at $39.72 on Tuesday. Cameco Co. has a twelve month low of $35.00 and a twelve month high of $62.55. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 141.86 and a beta of 1.04. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business's fifty day moving average is $42.48 and its 200 day moving average is $49.66.

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 EPS for the quarter, hitting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million for the quarter, compared to analyst estimates of $1.09 billion. Research analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 price target on shares of Cameco in a research report on Tuesday, March 4th. Glj Research boosted their price target on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a report on Wednesday, March 12th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Finally, Sanford C. Bernstein assumed coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $70.03.

Cameco Company Profile

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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