Cameco Corporation (NYSE:CCJ) Shares Sold by Merrion Investment Management Co LLC

Merrion Investment Management Co LLC decreased its holdings in shares of Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 10.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,000 shares of the basic materials company's stock after selling 24,450 shares during the quarter. Cameco comprises 6.2% of Merrion Investment Management Co LLC's holdings, making the stock its 4th largest holding. Merrion Investment Management Co LLC's holdings in Cameco were worth $8,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC grew its holdings in shares of Cameco by 8.7% during the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after purchasing an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Cameco by 1.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock valued at $865,729,000 after buying an additional 190,337 shares during the period. Vanguard Group Inc. raised its holdings in shares of Cameco by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock valued at $862,997,000 after buying an additional 270,102 shares during the period. Alliancebernstein L.P. lifted its stake in Cameco by 13.5% during the 4th quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock worth $518,443,000 after acquiring an additional 1,196,336 shares in the last quarter. Finally, Norges Bank purchased a new position in Cameco during the 4th quarter valued at about $188,595,000. Hedge funds and other institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Cameco stock traded down $1.34 during trading hours on Friday, reaching $68.33. 5,505,542 shares of the stock were exchanged, compared to its average volume of 4,422,160. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $71.31. The stock has a market cap of $29.75 billion, a P/E ratio of 170.83 and a beta of 0.97. 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's 50 day moving average is $53.72 and its 200 day moving average is $49.86.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Sanford C. Bernstein set a $70.00 target price on Cameco and gave the company an "outperform" rating in a research report on Tuesday, June 10th. Royal Bank Of Canada lifted their price objective on shares of Cameco from $90.00 to $100.00 and gave the company an "outperform" rating in a report on Friday. Stifel Canada upgraded Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. UBS Group reiterated a "buy" rating on shares of Cameco in a research note on Tuesday, June 10th. Finally, Stifel Nicolaus assumed coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $77.30.

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.