Ardsley Advisory Partners LP Sells 15,250 Shares of Cameco Co. (NYSE:CCJ)

Ardsley Advisory Partners LP lowered its holdings in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 16.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 75,000 shares of the basic materials company's stock after selling 15,250 shares during the period. Ardsley Advisory Partners LP's holdings in Cameco were worth $3,854,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CCJ. Larson Financial Group LLC raised its position in Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after purchasing an additional 226 shares during the last quarter. Heritage Wealth Management Inc. raised its position in shares of Cameco by 0.8% during the fourth quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after acquiring an additional 250 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Cameco by 48.6% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after acquiring an additional 267 shares during the last quarter. EdgeRock Capital LLC boosted its holdings in Cameco by 2.2% in the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after acquiring an additional 297 shares during the last quarter. Finally, Highview Capital Management LLC DE boosted its holdings in Cameco by 5.0% in the fourth quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company's stock.

Wall Street Analyst Weigh In

CCJ has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Cameco from a "hold" rating to a "sell" rating in a research report on Monday. Desjardins began coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating on the stock. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Stifel Canada raised Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Finally, Sanford C. Bernstein initiated coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $70.03.

Cameco Stock Up 3.5 %

NYSE:CCJ traded up $1.69 during trading hours on Wednesday, hitting $49.84. 5,281,571 shares of the company traded hands, compared to its average volume of 4,074,321. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $21.70 billion, a PE ratio of 178.01 and a beta of 0.89. The firm's 50-day simple moving average is $42.28 and its 200-day simple moving average is $49.06. Cameco Co. has a one year low of $35.00 and a one year high of $62.55.

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