Stamos Capital Partners L.P. Cuts Stake in Cameco Co. (NYSE:CCJ)

Stamos Capital Partners L.P. trimmed its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 31.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,770 shares of the basic materials company's stock after selling 17,710 shares during the quarter. Stamos Capital Partners L.P.'s holdings in Cameco were worth $1,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in CCJ. Sierra Ocean LLC acquired a new position in Cameco in the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of Cameco in the 4th quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco during the 4th quarter valued at $28,000. Whipplewood Advisors LLC bought a new position in Cameco during the fourth quarter worth $33,000. Finally, Compass Planning Associates Inc bought a new stake in Cameco in the fourth quarter valued at $36,000. Institutional investors own 70.21% of the company's stock.

Cameco Stock Down 1.2 %

Shares of NYSE CCJ traded down $0.50 during trading on Tuesday, hitting $40.81. The stock had a trading volume of 2,416,032 shares, compared to its average volume of 4,096,140. 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 firm has a fifty day moving average of $43.21 and a two-hundred day moving average of $49.90. Cameco Co. has a 12 month low of $35.00 and a 12 month high of $62.55. The company has a market capitalization of $17.76 billion, a PE ratio of 145.74 and a beta of 1.04.

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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, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $845.54 million during the quarter, compared to analyst estimates of $1.09 billion. As a group, equities research analysts forecast that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of several research reports. Stifel Canada upgraded 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. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Sanford C. Bernstein initiated coverage on Cameco in a report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 target price on the stock. Finally, StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus 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.