Pekin Hardy Strauss Inc. Sells 11,918 Shares of Cameco Corporation (NYSE:CCJ)

Pekin Hardy Strauss Inc. reduced its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 3.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,940 shares of the basic materials company's stock after selling 11,918 shares during the period. Cameco makes up 1.7% of Pekin Hardy Strauss Inc.'s holdings, making the stock its 4th biggest position. Pekin Hardy Strauss Inc. owned 0.08% of Cameco worth $13,868,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE raised its stake in Cameco by 2.0% during the fourth quarter. US Bancorp DE now owns 28,728 shares of the basic materials company's stock worth $1,476,000 after purchasing an additional 554 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Cameco by 34.8% in the fourth quarter. Jones Financial Companies Lllp now owns 7,091 shares of the basic materials company's stock valued at $364,000 after purchasing an additional 1,830 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Cameco by 4.9% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 21,591 shares of the basic materials company's stock worth $1,110,000 after acquiring an additional 1,009 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Cameco by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 935,507 shares of the basic materials company's stock worth $48,077,000 after acquiring an additional 32,867 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in Cameco by 304,100.0% in the fourth quarter. Assetmark Inc. now owns 3,042 shares of the basic materials company's stock worth $156,000 after acquiring an additional 3,041 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

CCJ stock traded down $0.81 on Thursday, hitting $70.74. The company's stock had a trading volume of 6,329,468 shares, compared to its average volume of 4,562,052. The firm has a 50 day moving average of $61.57 and a two-hundred day moving average of $51.41. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $75.42. The stock has a market cap of $30.80 billion, a price-to-earnings ratio of 176.85 and a beta of 1.03. The company has a current ratio of 2.70, a quick ratio of 1.26 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $549.58 million during the quarter, compared to analysts' expectations of $890.07 million. Cameco had a net margin of 7.50% and a return on equity of 4.47%. The firm's revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Equities analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCJ. Glj Research restated a "buy" rating and set a $75.27 price objective on shares of Cameco in a research report on Thursday, June 12th. Royal Bank Of Canada boosted their price objective on shares of Cameco from $90.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, June 20th. UBS Group restated a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th. Finally, Sanford C. Bernstein set a $70.00 price objective on shares of Cameco and gave the stock an "outperform" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $80.65.

About Cameco

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.