Schonfeld Strategic Advisors LLC Sells 50,326 Shares of Cameco Co. (NYSE:CCJ)

Schonfeld Strategic Advisors LLC trimmed its stake in shares of Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 56.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,319 shares of the basic materials company's stock after selling 50,326 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Cameco were worth $2,021,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of CCJ. Larson Financial Group LLC increased its holdings in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company's stock worth $43,000 after buying an additional 226 shares during the last quarter. Heritage Wealth Management Inc. raised its position in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company's stock worth $1,587,000 after purchasing an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company's stock worth $42,000 after purchasing an additional 267 shares during the last quarter. EdgeRock Capital LLC raised its stake in shares of Cameco by 2.2% during the fourth quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company's stock valued at $719,000 after purchasing an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE boosted its stake in Cameco by 5.0% during the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company's stock valued at $321,000 after purchasing an additional 300 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCJ has been the topic of several recent analyst reports. Stifel Canada raised shares of Cameco to a "strong-buy" rating in a research note on Wednesday, March 12th. Sanford C. Bernstein assumed coverage on shares of Cameco in a research report on Tuesday, April 1st. They issued an "outperform" rating and a $52.00 price target for the company. Glj Research increased their target price on Cameco from $62.76 to $75.68 and gave the stock a "buy" rating in a report on Wednesday, March 12th. Stifel Nicolaus started coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating on the stock. Finally, Desjardins began coverage on shares of Cameco in a research note on Friday, April 4th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $70.03.

Cameco Trading Up 3.1 %

NYSE CCJ traded up $1.52 during trading hours on Friday, reaching $50.76. The company's stock had a trading volume of 5,164,521 shares, compared to its average volume of 4,084,523. The firm has a fifty day simple moving average of $42.74 and a 200-day simple moving average of $48.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The stock has a market cap of $22.10 billion, a P/E ratio of 181.29 and a beta of 0.89.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last posted its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The company had revenue of $549.58 million during the quarter, compared to analyst estimates of $890.07 million. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Cameco's revenue was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 earnings per share. Equities analysts forecast that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

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.