Cameco Co. (NYSE:CCJ) Stock Position Trimmed by GeoSphere Capital Management LLC

GeoSphere Capital Management LLC lessened its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 23.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 100,000 shares of the basic materials company's stock after selling 30,000 shares during the period. Cameco accounts for about 2.4% of GeoSphere Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. GeoSphere Capital Management LLC's holdings in Cameco were worth $5,139,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Roberts Wealth Advisors LLC purchased a new position in shares of Cameco in the fourth quarter worth $895,000. Whalen Wealth Management Inc. bought a new stake in shares of Cameco in the 4th quarter worth about $445,000. Sprott Inc. boosted its position in shares of Cameco by 44.5% during the fourth quarter. Sprott Inc. now owns 111,896 shares of the basic materials company's stock valued at $5,750,000 after buying an additional 34,483 shares during the period. Aigen Investment Management LP bought a new stake in shares of Cameco during the fourth quarter worth $930,000. Finally, Principal Financial Group Inc. grew its stake in Cameco by 1,138.1% in the 3rd quarter. Principal Financial Group Inc. now owns 267,431 shares of the basic materials company's stock worth $12,774,000 after acquiring an additional 245,831 shares in the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Stock Up 0.5%

Shares of CCJ traded up $0.23 during midday trading on Tuesday, reaching $51.39. The stock had a trading volume of 653,991 shares, compared to its average volume of 4,075,959. The company has a market cap of $22.37 billion, a price-to-earnings ratio of 183.51 and a beta of 0.89. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $62.55. 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 company's fifty day simple moving average is $42.90 and its two-hundred day simple moving average is $48.88.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The firm had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. During the same quarter in the prior year, the firm posted $0.13 EPS. Cameco's quarterly revenue was up 24.4% compared to the same quarter last year. Equities research analysts expect that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CCJ. Sanford C. Bernstein began coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price objective on the stock. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They issued a "buy" rating on the stock. Royal Bank of Canada reiterated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com raised shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday. Finally, Glj Research upped their price objective on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target 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.