Cameco Co. (NYSE:CCJ) Shares Sold by Vident Advisory LLC

Vident Advisory LLC trimmed its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 13.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 798,281 shares of the basic materials company's stock after selling 119,124 shares during the period. Cameco makes up about 0.7% of Vident Advisory LLC's holdings, making the stock its 23rd largest holding. Vident Advisory LLC owned approximately 0.18% of Cameco worth $41,024,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC grew its position in Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after acquiring an additional 1,811,876 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cameco by 1.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,846,044 shares of the basic materials company's stock worth $865,729,000 after acquiring an additional 190,337 shares during the period. Vanguard Group Inc. grew its position in Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after acquiring an additional 270,102 shares during the period. Alliancebernstein L.P. grew its position in Cameco by 13.5% in the fourth 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 during the period. Finally, Norges Bank purchased a new position in shares of Cameco during the fourth quarter worth $188,595,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Up 1.2%

Cameco stock traded up $0.62 during midday trading on Thursday, reaching $52.79. The company's stock had a trading volume of 3,066,534 shares, compared to its average volume of 4,102,675. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $22.98 billion, a P/E ratio of 188.54 and a beta of 0.89. The business has a 50-day simple moving average of $44.31 and a 200-day simple moving average of $48.86.

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 for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm's quarterly revenue was up 24.4% on a year-over-year basis. On average, research analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on CCJ shares. Stifel Nicolaus started coverage on Cameco in a research report on Wednesday, March 12th. They set a "buy" rating for the company. Sanford C. Bernstein started coverage on Cameco in a research report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target for the company. Glj Research raised their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. Stifel Canada upgraded Cameco to a "strong-buy" rating in a report on Wednesday, March 12th. Finally, Desjardins began coverage on Cameco in a report on Friday, April 4th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $70.53.

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.