Cameco Corporation (NYSE:CCJ) Shares Sold by Trek Financial LLC

Trek Financial LLC reduced its stake in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 61.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 58,762 shares of the basic materials company's stock after selling 95,578 shares during the period. Trek Financial LLC's holdings in Cameco were worth $2,419,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Capital Wealth Advisors purchased a new position in shares of Cameco during the fourth quarter worth approximately $839,000. Nicholson Meyer Capital Management Inc. acquired a new stake in shares of Cameco during the first quarter worth $350,000. Balefire LLC lifted its holdings in shares of Cameco by 42.9% during the first quarter. Balefire LLC now owns 33,601 shares of the basic materials company's stock worth $1,383,000 after purchasing an additional 10,081 shares during the period. FNY Investment Advisers LLC lifted its holdings in shares of Cameco by 583.2% during the first quarter. FNY Investment Advisers LLC now owns 21,500 shares of the basic materials company's stock worth $884,000 after purchasing an additional 18,353 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of Cameco by 44.7% during the fourth quarter. Tidal Investments LLC now owns 36,736 shares of the basic materials company's stock worth $1,888,000 after purchasing an additional 11,340 shares during the period. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCJ has been the subject of several recent research reports. Wall Street Zen raised Cameco from a "sell" rating to a "hold" rating in a report on Tuesday, May 13th. Scotiabank reaffirmed an "outperform" rating on shares of Cameco in a report on Tuesday. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research report on Wednesday, June 18th. The Goldman Sachs Group lifted their price objective on Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Finally, Sanford C. Bernstein set a $70.00 price target on Cameco and gave the company an "outperform" rating in a report on Tuesday, June 10th. One equities 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. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $80.65.

Cameco Trading Up 2.6%

Shares of NYSE CCJ traded up $1.84 during midday trading on Friday, hitting $72.66. The stock had a trading volume of 4,030,292 shares, compared to its average volume of 4,562,466. The company has a market capitalization of $31.63 billion, a price-to-earnings ratio of 181.65 and a beta of 1.03. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $75.42. The company has a quick ratio of 1.26, a current ratio of 2.70 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $62.58 and a 200 day moving average price of $51.67.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released 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). The firm had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The business's revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

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.