Cameco Co. (NYSE:CCJ) Shares Sold by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC cut its stake in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 33.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,543 shares of the basic materials company’s stock after selling 3,332 shares during the period. Capital Investment Advisory Services LLC’s holdings in Cameco were worth $282,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Meitav Investment House Ltd. raised its position in Cameco by 2.8% during the 4th quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock worth $383,000 after buying an additional 240 shares during the last quarter. Ingalls & Snyder LLC raised 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 worth $529,000 after buying an additional 264 shares during the last quarter. Mraz Amerine & Associates Inc. raised its position in Cameco by 3.1% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 9,022 shares of the basic materials company’s stock worth $389,000 after buying an additional 275 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Cameco by 1.4% during the 3rd quarter. Avantax Advisory Services Inc. now owns 21,495 shares of the basic materials company’s stock worth $852,000 after buying an additional 304 shares during the last quarter. Finally, Joule Financial LLC increased its holdings in shares of Cameco by 2.4% during the 4th quarter. Joule Financial LLC now owns 16,524 shares of the basic materials company’s stock valued at $712,000 after purchasing an additional 395 shares in the last quarter. 70.21% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCJ has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on shares of Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 target price 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 assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.75.

Cameco Price Performance

Cameco stock opened at $48.68 on Wednesday. The company’s fifty day moving average price is $44.02 and its 200 day moving average price is $43.78. Cameco Co. has a 1 year low of $25.35 and a 1 year high of $52.64. The stock has a market capitalization of $21.14 billion, a P/E ratio of 81.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55.

Cameco (NYSE:CCJ) (TSE:CCO) last released 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). Cameco had a net margin of 13.97% and a return on equity of 5.61%. The company had revenue of $620.00 million during the quarter. As a group, equities research analysts anticipate that Cameco Co. will post 1.55 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.