Alps Advisors Inc. Sells 662,557 Shares of Cameco Corporation (NYSE:CCJ)

Alps Advisors Inc. lessened its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 12.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,587,561 shares of the basic materials company's stock after selling 662,557 shares during the period. Cameco accounts for approximately 1.1% of Alps Advisors Inc.'s portfolio, making the stock its 13th largest holding. Alps Advisors Inc. owned approximately 1.05% of Cameco worth $188,824,000 at the end of the most recent quarter.

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

Cameco Trading Up 2.6%

Shares of NYSE:CCJ traded up $1.84 on Friday, reaching $72.66. 4,030,292 shares of the company traded hands, compared to its average volume of 4,571,949. The business's 50-day simple moving average is $62.58 and its 200 day simple moving average is $51.67. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $75.42. The stock has a market capitalization of $31.63 billion, a P/E ratio of 181.65 and a beta of 1.03. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share (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 return on equity of 4.47% and a net margin of 7.50%. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 earnings per share. As a group, equities analysts anticipate that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Royal Bank Of Canada raised their price target on Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, June 20th. The Goldman Sachs Group raised their price target on Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Scotiabank restated an "outperform" rating on shares of Cameco in a research report on Tuesday. Glj Research restated a "buy" rating and set a $75.27 price target on shares of Cameco in a research report on Thursday, June 12th. Finally, Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $80.65.

Cameco 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.