Cameco Co. (NYSE:CCJ) Position Lowered by Lloyd Harbor Capital Management LLC

Lloyd Harbor Capital Management LLC trimmed its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 36.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,461 shares of the basic materials company's stock after selling 240,462 shares during the quarter. Cameco makes up about 14.1% of Lloyd Harbor Capital Management LLC's portfolio, making the stock its biggest holding. Lloyd Harbor Capital Management LLC owned 0.10% of Cameco worth $21,505,000 at the end of the most recent reporting period.

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

Cameco Trading Down 3.2%

Shares of NYSE CCJ traded down $1.73 during mid-day trading on Thursday, reaching $51.57. 5,911,348 shares of the company's stock were exchanged, compared to its average volume of 4,107,143. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 184.18 and a beta of 0.89. Cameco Co. has a 52-week low of $35.00 and a 52-week high of $62.55. The company's 50-day moving average is $43.32 and its 200-day moving average is $48.93. 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 earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $549.58 million for the quarter, compared to analysts' expectations of $890.07 million. During the same period last year, the business earned $0.13 EPS. The company's quarterly revenue was up 24.4% compared to the same quarter last year. Analysts expect that Cameco Co. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CCJ shares. Glj Research boosted their price target on shares of Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a research report on Wednesday, March 12th. StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday. Royal Bank of Canada reiterated an "outperform" rating and set a $90.00 price objective on shares of Cameco in a research report on Tuesday, March 4th. Desjardins started coverage on Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. Finally, Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Cameco has a consensus rating of "Buy" and a consensus target price of $70.03.

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.