Duality Advisers LP Cuts Stock Position in Cameco Co. (NYSE:CCJ)

Duality Advisers LP reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 110,974 shares of the basic materials company’s stock after selling 18,325 shares during the quarter. Duality Advisers LP’s holdings in Cameco were worth $4,807,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its stake in shares of Cameco by 235.3% in the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after buying an additional 400 shares during the period. Principal Securities Inc. acquired a new position in Cameco during the 4th quarter worth approximately $29,000. Versant Capital Management Inc purchased a new stake in shares of Cameco in the 4th quarter valued at approximately $34,000. Sandy Spring Bank acquired a new stake in shares of Cameco in the 4th quarter valued at $43,000. Finally, Lindbrook Capital LLC lifted its position in shares of Cameco by 26.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 221 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Price Performance

Shares of NYSE:CCJ traded down $0.75 on Friday, reaching $52.97. 1,397,777 shares of the company were exchanged, compared to its average volume of 4,375,573. The company has a current ratio of 1.42, a quick ratio of 0.69 and a debt-to-equity ratio of 0.17. Cameco Co. has a 1-year low of $31.18 and a 1-year high of $56.24. The company has a 50-day moving average of $51.86 and a 200-day moving average of $47.39. The firm has a market cap of $23.05 billion, a price-to-earnings ratio of 137.64 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.23). Cameco had a return on equity of 4.60% and a net margin of 9.28%. The company had revenue of $470.29 million for the quarter. Equities analysts forecast that Cameco Co. will post 1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Bank of America increased their target price on Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. The Goldman Sachs Group raised their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Finally, StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $63.70.

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.