Invesco Ltd. Sells 19,855 Shares of Cameco Corporation (NYSE:CCJ)

Invesco Ltd. cut its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 0.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,652,426 shares of the basic materials company's stock after selling 19,855 shares during the period. Invesco Ltd. owned about 0.61% of Cameco worth $109,174,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Manchester Capital Management LLC grew its holdings in Cameco by 100.0% during the first quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 300 shares during the period. Copia Wealth Management bought a new position in Cameco during the fourth quarter valued at $39,000. Ameriflex Group Inc. bought a new position in Cameco during the fourth quarter valued at $40,000. CoreCap Advisors LLC grew its holdings in Cameco by 8,363.6% during the fourth quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 920 shares during the period. Finally, Private Trust Co. NA grew its holdings in Cameco by 315.2% during the first quarter. Private Trust Co. NA now owns 1,229 shares of the basic materials company's stock valued at $51,000 after purchasing an additional 933 shares during the period. 70.21% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Glj Research reissued a "buy" rating and set a $75.27 price objective on shares of Cameco in a report on Thursday, June 12th. TD Securities reissued a "buy" rating on shares of Cameco in a report on Tuesday, August 5th. Sanford C. Bernstein set a $70.00 price target on Cameco and gave the stock an "outperform" rating in a report on Tuesday, June 10th. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of Cameco in a report on Wednesday, June 18th. Twelve research analysts have rated the stock with 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 an average price target of $82.65.

Cameco Price Performance

NYSE:CCJ opened at $75.51 on Friday. The firm has a market capitalization of $32.88 billion, a price-to-earnings ratio of 86.79 and a beta of 1.06. Cameco Corporation has a 52-week low of $35.00 and a 52-week high of $80.32. The stock has a fifty day moving average of $73.74 and a 200 day moving average of $56.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.00 and a current ratio of 2.96.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.22. The company had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%. The firm's quarterly revenue was up 46.7% on a year-over-year basis. During the same quarter last year, the company earned $0.14 earnings per share. On average, research analysts expect that Cameco Corporation will post 1.27 EPS for the current fiscal 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.

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