Sei Investments Co. Cuts Stock Position in Cameco Corporation (NYSE:CCJ)

Sei Investments Co. lowered its position in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 7.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 230,470 shares of the basic materials company's stock after selling 18,375 shares during the period. Sei Investments Co. owned approximately 0.05% of Cameco worth $9,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC grew its position in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company's stock worth $25,000 after buying an additional 300 shares during the last quarter. Dagco Inc. purchased a new position in shares of Cameco in the 1st quarter worth approximately $28,000. Copia Wealth Management purchased a new position in shares of Cameco in the 4th quarter worth approximately $39,000. Ameriflex Group Inc. purchased a new position in shares of Cameco in the 4th quarter worth approximately $40,000. Finally, CoreCap Advisors LLC grew its position in shares of Cameco by 8,363.6% in the 4th quarter. CoreCap Advisors LLC now owns 931 shares of the basic materials company's stock worth $48,000 after buying an additional 920 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CCJ. UBS Group reaffirmed a "buy" rating on shares of Cameco in a research report on Tuesday, June 10th. Wall Street Zen upgraded shares of Cameco from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Raymond James Financial reiterated an "outperform" rating on shares of Cameco in a research note on Wednesday, June 18th. BMO Capital Markets reiterated an "outperform" rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cameco from $100.00 to $110.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Twelve research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $82.65.

Cameco Price Performance

Shares of NYSE CCJ opened at $75.59 on Friday. The firm has a market cap of $32.91 billion, a PE ratio of 86.88 and a beta of 1.06. The firm has a fifty day moving average of $73.44 and a 200 day moving average of $55.82. 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 Corporation has a one year low of $35.00 and a one year high of $80.32.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 EPS for the quarter, topping 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 net margin of 14.97% and a return on equity of 8.21%. The firm's revenue was up 46.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.14 EPS. As a group, research analysts predict that Cameco Corporation will post 1.27 EPS for the current fiscal year.

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.

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