Interval Partners LP Sells 6,439 Shares of Cameco Co. (NYSE:CCJ)

Interval Partners LP trimmed its position in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 24.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,837 shares of the basic materials company's stock after selling 6,439 shares during the period. Interval Partners LP's holdings in Cameco were worth $1,019,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on CCJ. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Stifel Nicolaus initiated coverage on shares of Cameco in a report on Wednesday, March 12th. They issued a "buy" rating for the company. Sanford C. Bernstein initiated coverage on shares of Cameco in a report on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Desjardins initiated coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. Finally, Glj Research upped their price objective on Cameco from $62.76 to $75.68 and gave the company a "buy" rating in a research report on Wednesday, March 12th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Cameco has a consensus rating of "Buy" and an average target price of $70.03.

Cameco Stock Performance

CCJ stock traded down $0.26 on Friday, hitting $51.33. The company had a trading volume of 4,541,847 shares, compared to its average volume of 4,116,921. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12-month low of $35.00 and a 12-month high of $62.55. The stock has a market cap of $22.35 billion, a price-to-earnings ratio of 183.33 and a beta of 0.89. The stock's 50-day simple moving average is $43.54 and its 200 day simple moving average is $48.90.

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

Cameco 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.