Cameco Co. (NYSE:CCJ) Shares Sold by Cwm LLC

Cwm LLC trimmed its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 20.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,566 shares of the basic materials company’s stock after selling 648 shares during the period. Cwm LLC’s holdings in Cameco were worth $111,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Allworth Financial LP raised its position in shares of Cameco by 1,049.2% in the third quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock valued at $30,000 after buying an additional 682 shares during the last quarter. Versant Capital Management Inc purchased a new stake in shares of Cameco in the fourth quarter valued at about $34,000. Sandy Spring Bank purchased a new stake in shares of Cameco in the fourth quarter valued at about $43,000. Blue Trust Inc. grew its holdings in shares of Cameco by 57.5% in the fourth quarter. Blue Trust Inc. now owns 1,427 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 521 shares during the period. Finally, Covestor Ltd purchased a new stake in shares of Cameco in the third quarter valued at about $99,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 4.8 %

Shares of CCJ stock opened at $50.73 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The firm has a market cap of $22.03 billion, a PE ratio of 130.08 and a beta of 0.92. The company has a 50-day moving average of $45.27 and a two-hundred day moving average of $44.49. Cameco Co. has a 1-year low of $26.15 and a 1-year high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, February 8th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $620.00 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. On average, analysts predict that Cameco Co. will post 1.37 EPS for the current year.

Analysts Set New Price Targets

CCJ has been the subject of a number of analyst reports. The Goldman Sachs Group initiated coverage on shares of Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 price objective for the company. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $62.75.

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.