Focus Partners Wealth Trims Holdings in Cameco Co. (NYSE:CCJ)

Focus Partners Wealth reduced its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 240,757 shares of the basic materials company's stock after selling 240,768 shares during the quarter. Focus Partners Wealth owned approximately 0.06% of Cameco worth $12,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new position in shares of Cameco in the fourth quarter valued at $25,000. Hurley Capital LLC bought a new stake in Cameco during the fourth quarter valued at $27,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco during the fourth quarter valued at $28,000. Whipplewood Advisors LLC bought a new stake in Cameco during the fourth quarter valued at $33,000. Finally, Compass Planning Associates Inc bought a new stake in Cameco during the fourth quarter valued at $36,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCJ has been the subject of several research analyst reports. Royal Bank of Canada reissued an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. Glj Research lifted their price target on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein began coverage on Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target for the company. Stifel Nicolaus began coverage on Cameco in a research note on Wednesday, March 12th. They set a "buy" rating for the company. Finally, StockNews.com raised Cameco from a "sell" rating to a "hold" rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, nine have issued 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 a consensus rating of "Buy" and an average target price of $70.03.

Cameco Trading Down 0.5%

Shares of NYSE CCJ traded down $0.26 during midday trading on Friday, reaching $51.33. The company had a trading volume of 4,541,847 shares, compared to its average volume of 4,116,920. Cameco Co. has a one year low of $35.00 and a one year 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 firm's fifty day moving average price is $43.54 and its 200-day moving average price is $48.90. The stock has a market cap of $22.35 billion, a PE ratio of 183.33 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its 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 company had revenue of $549.58 million during the quarter, compared to the consensus estimate of $890.07 million. During the same period last year, the firm posted $0.13 EPS. The company's revenue was up 24.4% on a year-over-year basis. On average, equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current 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.