Azarias Capital Management L.P. Sells 53,427 Shares of Cameco Co. (NYSE:CCJ)

Azarias Capital Management L.P. trimmed its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 10.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 461,436 shares of the basic materials company's stock after selling 53,427 shares during the period. Cameco accounts for about 8.8% of Azarias Capital Management L.P.'s holdings, making the stock its 3rd biggest holding. Azarias Capital Management L.P. owned 0.11% of Cameco worth $19,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. CGC Financial Services LLC acquired a new stake in Cameco in the 2nd quarter valued at about $27,000. Allworth Financial LP lifted its position in Cameco by 1,049.2% during the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company's stock worth $30,000 after buying an additional 682 shares in the last quarter. Janiczek Wealth Management LLC boosted its stake in Cameco by 210.4% during the third quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company's stock worth $31,000 after buying an additional 524 shares during the last quarter. Tyler Stone Wealth Management purchased a new stake in Cameco in the 2nd quarter valued at $32,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Cameco in the 4th quarter worth $34,000. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Trading Up 1.4 %

NYSE CCJ traded up $0.61 during trading hours on Friday, reaching $43.32. The company had a trading volume of 4,247,615 shares, compared to its average volume of 4,280,133. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $18.81 billion, a P/E ratio of 72.20 and a beta of 0.92. The stock has a 50-day moving average of $43.40 and a 200 day moving average of $42.64. Cameco Co. has a 1-year low of $24.64 and a 1-year high of $51.33.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. As a group, research analysts anticipate that Cameco Co. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of analyst reports. Cantor Fitzgerald lowered shares of Cameco from a "buy" rating to a "neutral" rating in a report on Tuesday, December 19th. StockNews.com upgraded shares of Cameco from a "sell" rating to a "hold" rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Cameco has an average rating of "Moderate Buy" and an average target price of $65.33.

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.

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