Sei Investments Co. Sells 24,061 Shares of Cameco Co. (NYSE:CCJ)

Sei Investments Co. cut its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 8.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 248,845 shares of the basic materials company's stock after selling 24,061 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Cameco worth $12,788,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Sierra Ocean LLC bought a new position in Cameco during the 4th quarter valued at $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco in the fourth quarter worth about $28,000. Pingora Partners LLC acquired a new stake in Cameco in the 3rd quarter valued at about $33,000. Whipplewood Advisors LLC bought a new position in shares of Cameco during the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc acquired a new position in shares of Cameco in the 4th quarter worth approximately $36,000. Institutional investors own 70.21% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on CCJ shares. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Royal Bank of Canada reissued an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Wednesday, March 19th. Glj Research increased their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Finally, Stifel Nicolaus began coverage on shares of Cameco in a research report on Wednesday, March 12th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $73.64.

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Cameco Stock Performance

CCJ stock traded down $0.94 on Monday, reaching $40.90. 1,741,437 shares of the company were exchanged, compared to its average volume of 4,344,096. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The stock's fifty day moving average price is $46.42 and its 200 day moving average price is $50.38. The firm has a market capitalization of $17.80 billion, a PE ratio of 146.08 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting analysts' consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million for the quarter, compared to the consensus estimate of $1.09 billion. On average, research analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.

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.