Sumitomo Mitsui Trust Holdings Inc. Trims Stock Position in Cameco Co. (NYSE:CCJ)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 1.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,495,563 shares of the basic materials company's stock after selling 19,840 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.34% of Cameco worth $64,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Advisors Inc. OK increased its position in shares of Cameco by 0.5% during the fourth quarter. Capital Advisors Inc. OK now owns 591,042 shares of the basic materials company's stock valued at $25,474,000 after acquiring an additional 2,761 shares during the last quarter. Ingalls & Snyder LLC boosted its position in Cameco by 2.2% during the 4th quarter. Ingalls & Snyder LLC now owns 12,264 shares of the basic materials company's stock valued at $529,000 after acquiring an additional 264 shares in the last quarter. Hardman Johnston Global Advisors LLC boosted its position in Cameco by 35.0% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 8,260 shares of the basic materials company's stock valued at $356,000 after acquiring an additional 2,140 shares in the last quarter. Meitav Investment House Ltd. boosted its position in shares of Cameco by 2.8% in the 4th quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company's stock worth $383,000 after purchasing an additional 240 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Cameco in the 4th quarter worth approximately $403,000. Institutional investors own 70.21% of the company's stock.

Cameco Stock Performance

Shares of CCJ stock traded down $0.06 during mid-day trading on Friday, reaching $48.11. The stock had a trading volume of 2,202,469 shares, compared to its average volume of 5,169,100. Cameco Co. has a 1-year low of $25.11 and a 1-year high of $52.64. 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 firm has a market cap of $20.89 billion, a price-to-earnings ratio of 79.92 and a beta of 0.92. The business's fifty day moving average is $43.72 and its 200-day moving average is $43.46.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last issued its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.06). The business had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. On average, research analysts forecast that Cameco Co. will post 1.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CCJ shares. The Goldman Sachs Group assumed coverage on Cameco in a report on Monday, April 1st. They issued a "buy" rating and a $55.00 price objective for the company. StockNews.com downgraded Cameco from a "hold" rating to a "sell" rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $62.75.

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.