Tower Research Capital LLC TRC Sells 14,851 Shares of Cameco Co. (NYSE:CCJ)

Tower Research Capital LLC TRC trimmed its stake in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 49.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,322 shares of the basic materials company's stock after selling 14,851 shares during the period. Tower Research Capital LLC TRC's holdings in Cameco were worth $787,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC increased its holdings in shares of Cameco by 8.7% in the 4th quarter. FMR LLC now owns 22,639,647 shares of the basic materials company's stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the last quarter. Vanguard Group Inc. grew its position in Cameco by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 16,784,270 shares of the basic materials company's stock worth $862,997,000 after acquiring an additional 270,102 shares in the last quarter. Alliancebernstein L.P. increased its stake in Cameco by 13.5% in the fourth quarter. Alliancebernstein L.P. now owns 10,088,407 shares of the basic materials company's stock valued at $518,443,000 after acquiring an additional 1,196,336 shares during the last quarter. Norges Bank purchased a new stake in Cameco during the fourth quarter valued at about $188,595,000. Finally, AGF Management Ltd. lifted its stake in Cameco by 54.2% during the fourth quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company's stock worth $174,433,000 after purchasing an additional 1,193,266 shares during the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of Cameco stock traded up $1.55 on Friday, hitting $47.06. 2,016,699 shares of the company traded hands, compared to its average volume of 4,272,114. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The business has a 50-day simple moving average of $42.08 and a 200 day simple moving average of $49.28. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The stock has a market capitalization of $20.48 billion, a P/E ratio of 168.06 and a beta of 1.04.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. The business had revenue of $845.54 million during the quarter, compared to analysts' expectations of $1.09 billion. Cameco had a return on equity of 4.34% and a net margin of 5.39%. Research analysts expect that Cameco Co. will post 1.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on CCJ shares. Sanford C. Bernstein started coverage on shares of Cameco in a research note on Tuesday, April 1st. They set an "outperform" rating and a $52.00 price target on the stock. Stifel Canada upgraded shares of Cameco to a "strong-buy" rating in a research report on Wednesday, March 12th. Desjardins assumed coverage on shares of Cameco in a research report on Friday, April 4th. They set a "buy" rating for the company. Stifel Nicolaus started coverage on Cameco in a research note on Wednesday, March 12th. They issued a "buy" rating for the company. Finally, StockNews.com upgraded Cameco from a "sell" rating to a "hold" rating in a research report on Tuesday, April 15th. One 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. Based on data from MarketBeat, Cameco presently has a consensus rating of "Buy" and a consensus target price of $70.03.

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.