Cameco Co. (NYSE:CCJ) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 49.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,322 shares of the basic materials company's stock after selling 14,851 shares during the quarter. Tower Research Capital LLC TRC's holdings in Cameco were worth $787,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC acquired a new stake in shares of Cameco during the 4th quarter worth about $25,000. Hurley Capital LLC acquired a new position in Cameco in the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in Cameco in the 4th quarter valued at about $28,000. Whipplewood Advisors LLC acquired a new position in Cameco in the 4th quarter valued at about $33,000. Finally, Compass Planning Associates Inc acquired a new position in Cameco in the 4th quarter valued at about $36,000. 70.21% of the stock is owned by institutional investors and hedge funds.

Cameco Stock Performance

Cameco stock traded up $0.10 during midday trading on Tuesday, hitting $45.42. 2,707,957 shares of the company's stock were exchanged, compared to its average volume of 4,089,476. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The stock has a market cap of $19.77 billion, a price-to-earnings ratio of 162.21 and a beta of 1.04. The firm's 50 day simple moving average is $42.02 and its 200 day simple moving average is $49.38.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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. Equities research analysts predict that Cameco Co. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCJ. Stifel Nicolaus began coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, April 15th. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research note on Wednesday, March 12th. Finally, Desjardins began coverage on Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $70.03.

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.