Game Creek Capital LP Lowers Holdings in Cameco Co. (NYSE:CCJ)

Game Creek Capital LP trimmed its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,875 shares of the basic materials company's stock after selling 6,375 shares during the period. Game Creek Capital LP's holdings in Cameco were worth $1,587,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Glj Research lifted their price objective on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein started coverage on Cameco in a research note on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price objective on the stock. Finally, Stifel Canada raised Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Cameco presently has a consensus rating of "Buy" and an average target price of $70.03.

Cameco Trading Up 2.0%

Cameco stock traded up $1.05 during mid-day trading on Wednesday, hitting $53.01. The company's stock had a trading volume of 1,464,325 shares, compared to its average volume of 4,082,056. The company has a 50 day moving average of $43.09 and a 200-day moving average of $48.90. The stock has a market cap of $23.07 billion, a PE ratio of 189.04 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. 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 announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business's revenue was up 24.4% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, research analysts anticipate that Cameco Co. will post 1.27 EPS 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.