Avanza Fonder AB Sells 11,900 Shares of Cameco Co. (NYSE:CCJ)

Avanza Fonder AB lessened its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 26.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,700 shares of the basic materials company's stock after selling 11,900 shares during the quarter. Avanza Fonder AB's holdings in Cameco were worth $1,346,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Parsons Capital Management Inc. RI increased its stake in Cameco by 4.7% in the first quarter. Parsons Capital Management Inc. RI now owns 31,329 shares of the basic materials company's stock valued at $1,290,000 after purchasing an additional 1,400 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Cameco by 465.5% during the first quarter. Farther Finance Advisors LLC now owns 16,411 shares of the basic materials company's stock worth $686,000 after purchasing an additional 13,509 shares during the period. Park Avenue Securities LLC boosted its position in Cameco by 58.2% during the 1st quarter. Park Avenue Securities LLC now owns 8,819 shares of the basic materials company's stock worth $363,000 after purchasing an additional 3,246 shares during the period. Bank of New Hampshire grew its holdings in Cameco by 1.6% during the 1st quarter. Bank of New Hampshire now owns 40,468 shares of the basic materials company's stock valued at $1,666,000 after purchasing an additional 655 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC purchased a new stake in Cameco during the 1st quarter worth $284,000. Institutional investors and hedge funds own 70.21% of the company's stock.

Cameco Price Performance

Shares of CCJ traded up $0.38 during mid-day trading on Friday, hitting $66.52. The company's stock had a trading volume of 3,278,347 shares, compared to its average volume of 4,339,607. 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 stock has a market capitalization of $28.96 billion, a price-to-earnings ratio of 237.23 and a beta of 0.97. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $68.12. The firm has a 50-day moving average price of $50.11 and a 200 day moving average price of $49.51.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its 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). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The business's revenue was up 24.4% compared to the same quarter last year. On average, research analysts predict that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CCJ shares. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. UBS Group restated a "buy" rating on shares of Cameco in a research note on Tuesday. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Royal Bank of Canada restated an "outperform" rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research report on Wednesday, March 12th. They issued a "buy" rating for the company. 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 stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $75.63.

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.