Financial Insights Inc. Sells 27,307 Shares of Cameco Co. (NYSE:CCJ)

Financial Insights Inc. lowered its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 49.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,882 shares of the basic materials company's stock after selling 27,307 shares during the quarter. Financial Insights Inc.'s holdings in Cameco were worth $1,332,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Ballentine Partners LLC bought a new position in shares of Cameco in the first quarter valued at $273,000. Thompson Investment Management Inc. lifted its holdings in shares of Cameco by 16.5% during the first quarter. Thompson Investment Management Inc. now owns 6,515 shares of the basic materials company's stock valued at $282,000 after purchasing an additional 925 shares during the last quarter. Sunpointe LLC boosted its position in shares of Cameco by 4.7% in the 1st quarter. Sunpointe LLC now owns 13,218 shares of the basic materials company's stock valued at $573,000 after purchasing an additional 591 shares during the period. S.A. Mason LLC increased its stake in Cameco by 21.1% in the 1st quarter. S.A. Mason LLC now owns 3,191 shares of the basic materials company's stock worth $138,000 after purchasing an additional 556 shares in the last quarter. Finally, Ausbil Investment Management Ltd acquired a new stake in Cameco during the 1st quarter worth about $1,378,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on CCJ. Scotiabank decreased their target price on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a report on Monday, August 19th. Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a research note on Wednesday, July 31st. National Bank Financial upgraded Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a research report on Friday, October 4th. Finally, Glj Research reissued a "buy" rating and set a $63.73 price target on shares of Cameco in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $66.56.

Cameco Price Performance

CCJ opened at $56.68 on Wednesday. The stock has a fifty day moving average price of $45.14 and a 200 day moving average price of $47.77. The company has a current ratio of 3.22, a quick ratio of 1.48 and a debt-to-equity ratio of 0.23. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $58.72. The stock has a market cap of $24.67 billion, a price-to-earnings ratio of 145.33 and a beta of 0.90.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.14). The firm had revenue of $598.00 million during the quarter, compared to analyst estimates of $756.00 million. Cameco had a return on equity of 5.63% and a net margin of 9.72%. The company's quarterly revenue was up 24.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.01) EPS. Analysts forecast that Cameco Co. will post 0.83 EPS for the current fiscal year.

Cameco 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.