Cameco Corporation (NYSE:CCJ) Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK lowered its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 20.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 753,037 shares of the basic materials company's stock after selling 190,259 shares during the period. Capital Advisors Inc. OK owned approximately 0.17% of Cameco worth $30,995,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CCJ. Vanguard Capital Wealth Advisors purchased a new stake in Cameco in the fourth quarter valued at approximately $839,000. Nicholson Meyer Capital Management Inc. purchased a new stake in shares of Cameco during the 1st quarter valued at $350,000. Balefire LLC lifted its holdings in shares of Cameco by 42.9% during the 1st quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock worth $1,383,000 after acquiring an additional 10,081 shares during the last quarter. FNY Investment Advisers LLC grew its position in Cameco by 583.2% in the first quarter. FNY Investment Advisers LLC now owns 21,500 shares of the basic materials company's stock worth $884,000 after acquiring an additional 18,353 shares in the last quarter. Finally, Tidal Investments LLC grew its position in Cameco by 44.7% in the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company's stock worth $1,888,000 after acquiring an additional 11,340 shares in the last quarter. Institutional investors own 70.21% of the company's stock.

Cameco Trading Up 2.3%

NYSE CCJ traded up $1.71 on Monday, hitting $75.16. 5,684,522 shares of the stock were exchanged, compared to its average volume of 4,536,148. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.26 and a current ratio of 2.70. The firm has a market capitalization of $32.72 billion, a P/E ratio of 187.90 and a beta of 1.03. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $75.42. The stock has a fifty day moving average price of $59.91 and a two-hundred day moving average price of $50.97.

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 the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million for 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 was up 24.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. Research analysts forecast that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on CCJ shares. UBS Group reiterated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. The Goldman Sachs Group upped their price objective on shares of Cameco from $65.00 to $78.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They issued a "buy" rating for the company. Finally, Raymond James Financial restated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $80.65.

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.