Alpine Woods Capital Investors LLC Sells 18,751 Shares of Cameco Corporation (NYSE:CCJ)

Alpine Woods Capital Investors LLC lowered its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 67.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,249 shares of the basic materials company's stock after selling 18,751 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Cameco were worth $381,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hurley Capital LLC purchased a new stake in shares of Cameco during the 4th quarter valued at about $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Cameco during the 4th quarter valued at about $28,000. Copia Wealth Management purchased a new stake in shares of Cameco during the 4th quarter valued at about $39,000. Ameriflex Group Inc. purchased a new stake in Cameco in the 4th quarter worth approximately $40,000. Finally, Larson Financial Group LLC increased its holdings in Cameco by 37.4% in the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after acquiring an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Glj Research reissued a "buy" rating and issued a $75.27 target price on shares of Cameco in a report on Thursday, June 12th. UBS Group reissued a "buy" rating on shares of Cameco in a report on Tuesday, June 10th. Raymond James Financial reissued an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Desjardins assumed coverage on shares of Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. Finally, The Goldman Sachs Group increased their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco currently has an average rating of "Buy" and a consensus target price of $80.65.

Cameco Price Performance

Shares of NYSE CCJ traded up $1.84 during midday trading on Friday, reaching $72.66. 4,030,292 shares of the stock traded hands, compared to its average volume of 4,571,949. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.70 and a quick ratio of 1.26. The stock has a market capitalization of $31.63 billion, a PE ratio of 181.65 and a beta of 1.03. Cameco Corporation has a one year low of $35.00 and a one year high of $75.42. The company's 50 day moving average is $62.58 and its 200 day moving average is $51.66.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. Cameco had a return on equity of 4.47% and a net margin of 7.50%. The firm's quarterly revenue was up 24.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. On average, equities research analysts anticipate that Cameco Corporation 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.