Cameco Co. (NYSE:CCJ) Shares Sold by Capital International Inc. CA

Capital International Inc. CA reduced its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 74.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 178,374 shares of the basic materials company’s stock after selling 530,848 shares during the quarter. Capital International Inc. CA’s holdings in Cameco were worth $7,722,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Stamos Capital Partners L.P. raised its stake in Cameco by 103.2% during the 1st quarter. Stamos Capital Partners L.P. now owns 49,580 shares of the basic materials company’s stock worth $2,148,000 after acquiring an additional 25,180 shares in the last quarter. Vident Advisory LLC increased its stake in Cameco by 20.5% in the first quarter. Vident Advisory LLC now owns 926,943 shares of the basic materials company’s stock valued at $40,155,000 after purchasing an additional 157,751 shares during the period. Crewe Advisors LLC acquired a new position in Cameco in the first quarter valued at $87,000. Castle Hook Partners LP increased its stake in Cameco by 1.9% in the first quarter. Castle Hook Partners LP now owns 56,942 shares of the basic materials company’s stock valued at $2,467,000 after purchasing an additional 1,073 shares during the period. Finally, Platinum Investment Management Ltd. increased its stake in Cameco by 0.6% in the first quarter. Platinum Investment Management Ltd. now owns 3,092,417 shares of the basic materials company’s stock valued at $133,971,000 after purchasing an additional 18,166 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ stock traded up $0.60 during trading on Friday, reaching $45.18. 3,115,045 shares of the company were exchanged, compared to its average volume of 4,319,552. The company has a market cap of $19.66 billion, a P/E ratio of 115.85 and a beta of 0.91. Cameco Co. has a 52-week low of $31.58 and a 52-week high of $56.24. The stock’s 50 day moving average price is $51.30 and its 200 day moving average price is $47.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Tuesday, April 30th. The basic materials company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). The company had revenue of $470.29 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. As a group, analysts predict that Cameco Co. will post 1.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CCJ shares. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. The Goldman Sachs Group lifted their price objective on shares of Cameco from $56.00 to $62.00 and gave the company a “buy” rating in a research note on Friday, June 7th. Finally, Bank of America lifted their target price on shares of Cameco from $59.00 to $60.50 and gave the company a “buy” rating in a report on Wednesday, June 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average 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.