Bleakley Financial Group LLC Trims Holdings in Cameco Co. (NYSE:CCJ)

Bleakley Financial Group LLC trimmed its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 81.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,644 shares of the basic materials company's stock after selling 50,527 shares during the period. Bleakley Financial Group LLC's holdings in Cameco were worth $556,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Sunpointe LLC grew its stake in shares of Cameco by 8.3% during the third quarter. Sunpointe LLC now owns 15,043 shares of the basic materials company's stock valued at $718,000 after buying an additional 1,150 shares during the last quarter. Jamison Private Wealth Management Inc. grew its stake in shares of Cameco by 33.3% in the third quarter. Jamison Private Wealth Management Inc. now owns 6,718 shares of the basic materials company's stock worth $321,000 after purchasing an additional 1,678 shares during the last quarter. EdgeRock Capital LLC raised its position in Cameco by 1.7% during the 3rd quarter. EdgeRock Capital LLC now owns 13,689 shares of the basic materials company's stock valued at $654,000 after purchasing an additional 224 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its holdings in Cameco by 48.6% in the 3rd quarter. Foster Victor Wealth Advisors LLC now owns 166,795 shares of the basic materials company's stock worth $8,436,000 after buying an additional 54,551 shares during the period. Finally, Keystone Wealth Services LLC increased its stake in shares of Cameco by 10.4% during the third quarter. Keystone Wealth Services LLC now owns 5,329 shares of the basic materials company's stock valued at $255,000 after buying an additional 500 shares during the period. Institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCJ shares. Bank of America boosted their price objective on shares of Cameco from $59.00 to $60.50 and gave the company a "buy" rating in a research report on Wednesday, June 26th. Scotiabank dropped their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday, August 19th. Cantor Fitzgerald upgraded shares of Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. National Bank Financial raised Cameco to a "strong-buy" rating in a research report on Tuesday, September 3rd. Finally, Glj Research reiterated a "buy" rating and set a $63.73 price objective on shares of Cameco in a research note on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Cameco has an average rating of "Buy" and an average target price of $66.56.

Cameco Stock Down 2.1 %

Shares of Cameco stock traded down $1.24 on Tuesday, reaching $56.68. The company's stock had a trading volume of 4,839,398 shares, compared to its average volume of 4,415,267. Cameco Co. has a 52 week low of $35.43 and a 52 week high of $58.72. The firm's fifty day simple moving average is $45.14 and its two-hundred day simple moving average is $47.77. The company has a market capitalization of $24.67 billion, a price-to-earnings ratio of 145.33 and a beta of 0.90. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.14). The firm had revenue of $598.00 million for the quarter, compared to the consensus estimate of $756.00 million. Cameco had a net margin of 9.72% and a return on equity of 5.63%. Cameco's quarterly revenue was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.01) earnings per share. Equities analysts anticipate that Cameco Co. will post 0.83 earnings per share for the current year.

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.