K.J. Harrison & Partners Inc Decreases Stock Position in Cameco Co. (NYSE:CCJ)

K.J. Harrison & Partners Inc cut its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 30,597 shares of the basic materials company’s stock after selling 4,006 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Cameco were worth $1,322,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Morgan Stanley grew its position in Cameco by 5.8% in the 3rd quarter. Morgan Stanley now owns 7,752,258 shares of the basic materials company’s stock worth $307,300,000 after purchasing an additional 428,310 shares during the last quarter. Guardian Capital LP boosted its stake in Cameco by 40.7% in the 3rd quarter. Guardian Capital LP now owns 864,304 shares of the basic materials company’s stock worth $34,451,000 after purchasing an additional 250,115 shares during the period. Foster Victor Wealth Advisors LLC purchased a new stake in Cameco in the 4th quarter worth about $3,956,000. Financial Insights Inc. acquired a new position in Cameco in the 3rd quarter valued at approximately $1,942,000. Finally, Platinum Investment Management Ltd. raised its stake in shares of Cameco by 156.3% during the 3rd quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock worth $122,605,000 after purchasing an additional 1,884,004 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

Shares of Cameco stock traded up $0.19 during midday trading on Friday, hitting $49.35. 3,083,385 shares of the company were exchanged, compared to its average volume of 4,261,084. The firm has a 50 day simple moving average of $44.43 and a 200-day simple moving average of $43.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. The firm has a market cap of $21.43 billion, a P/E ratio of 82.18 and a beta of 0.92. Cameco Co. has a 52 week low of $25.72 and a 52 week high of $52.64.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The firm had revenue of $620.00 million during the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. Research analysts forecast that Cameco Co. will post 1.54 earnings per share for the current year.

Analyst Ratings Changes

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

About Cameco

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.