Trek Financial LLC lessened its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 11.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 154,340 shares of the basic materials company's stock after selling 20,938 shares during the quarter. Trek Financial LLC's holdings in Cameco were worth $7,932,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of CCJ. Dantai Capital Ltd increased its stake in shares of Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company's stock worth $2,735,000 after purchasing an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC bought a new stake in shares of Cameco during the 4th quarter valued at $895,000. Whalen Wealth Management Inc. bought a new position in shares of Cameco in the fourth quarter valued at approximately $445,000. Sprott Inc. boosted its holdings in Cameco by 44.5% in the 4th quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after purchasing an additional 34,483 shares during the period. Finally, iA Global Asset Management Inc. bought a new stake in shares of Cameco during the 3rd quarter valued at about $5,305,000. Hedge funds and other institutional investors own 70.21% of the company's stock.
Cameco Stock Performance
Shares of Cameco stock opened at $37.80 on Friday. Cameco Co. has a 1 year low of $35.43 and a 1 year high of $62.55. The firm's 50-day moving average is $45.02 and its 200 day moving average is $50.32. The stock has a market cap of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04. 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 (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting analysts' consensus estimates of $0.26. The firm had revenue of $845.54 million for the quarter, compared to analysts' expectations of $1.09 billion. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Sell-side analysts anticipate that Cameco Co. will post 1.27 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on CCJ shares. Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. StockNews.com cut shares of Cameco from a "hold" rating to a "sell" rating in a research report on Wednesday. Sanford C. Bernstein started coverage on shares of Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Finally, Desjardins began coverage on Cameco in a research note on Friday. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, nine have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Cameco presently has an average rating of "Buy" and a consensus price target of $70.03.
Check Out Our Latest Stock Analysis on Cameco
Cameco Company Profile
(
Free Report)
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.
Featured Articles
Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Cameco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cameco wasn't on the list.
While Cameco currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
