Signaturefd LLC reduced its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 29.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,928 shares of the basic materials company's stock after selling 3,252 shares during the quarter. Signaturefd LLC's holdings in Cameco were worth $326,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in CCJ. Vanguard Capital Wealth Advisors bought a new position in Cameco in the 4th quarter valued at $839,000. Nicholson Meyer Capital Management Inc. bought a new position in Cameco in the 1st quarter valued at $350,000. Balefire LLC raised its position in Cameco by 42.9% in the first 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 period. Galibier Capital Management Ltd. bought a new stake in Cameco in the first quarter worth about $11,655,000. Finally, FNY Investment Advisers LLC raised 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 during the period. 70.21% of the stock is currently owned by institutional investors.
Cameco Price Performance
Shares of NYSE CCJ traded down $2.14 during trading hours on Monday, reaching $76.83. 2,900,858 shares of the stock traded hands, compared to its average volume of 4,597,445. The company has a market capitalization of $33.45 billion, a P/E ratio of 192.14 and a beta of 1.03. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $80.57. The company's 50-day simple moving average is $65.38 and its two-hundred day simple moving average is $52.54.
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 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a net margin of 7.50% and a return on equity of 4.47%. The company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same quarter in the previous year, the firm posted $0.13 EPS. The business's revenue for the quarter was up 24.4% compared to the same quarter last year. Equities research analysts forecast that Cameco Corporation will post 1.27 EPS for the current year.
Analyst Ratings Changes
Several brokerages have commented on CCJ. Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. The Goldman Sachs Group increased their price target on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. UBS Group reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Glj Research reiterated a "buy" rating and set a $75.27 price target on shares of Cameco in a research note on Thursday, June 12th. Finally, Wall Street Zen upgraded Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $80.65.
Check Out Our Latest Analysis on CCJ
About Cameco
(
Free Report)
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.
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