Cameco Co. (NYSE:CCJ) Shares Sold by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA cut its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 71.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,134 shares of the basic materials company's stock after selling 20,718 shares during the period. Union Bancaire Privee UBP SA's holdings in Cameco were worth $320,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $25,000. Hurley Capital LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco during the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC purchased a new position in shares of Cameco during the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc purchased a new position in shares of Cameco during the 4th quarter worth approximately $36,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CCJ shares. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Wall Street Zen raised shares of Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday, May 13th. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating for the company. Glj Research reissued a "buy" rating and set a $75.27 price objective on shares of Cameco in a research note on Thursday. Finally, The Goldman Sachs Group raised their target price on shares of Cameco from $65.00 to $78.00 and gave the stock a "buy" rating in a research report on Wednesday. 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 stock. According to data from MarketBeat.com, Cameco presently has an average rating of "Buy" and an average price target of $75.63.

Cameco Trading Up 0.7%

NYSE CCJ traded up $0.46 during mid-day trading on Friday, reaching $66.60. 5,079,823 shares of the stock were exchanged, compared to its average volume of 4,360,634. Cameco Co. has a 1-year low of $35.00 and a 1-year high of $68.12. The business's fifty day simple moving average is $50.71 and its 200 day simple moving average is $49.51. The stock has a market capitalization of $28.99 billion, a PE ratio of 237.85 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. 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 business earned $0.13 EPS. On average, research analysts anticipate that Cameco Co. will post 1.27 earnings per share 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.