Azarias Capital Management L.P. Trims Stake in Cameco Co. (NYSE:CCJ)

Azarias Capital Management L.P. lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 41.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,666 shares of the basic materials company’s stock after selling 85,590 shares during the period. Cameco makes up 2.7% of Azarias Capital Management L.P.’s investment portfolio, making the stock its 17th largest position. Azarias Capital Management L.P.’s holdings in Cameco were worth $6,098,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Cameco by 71.5% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 571 shares of the basic materials company’s stock valued at $27,000 after buying an additional 238 shares during the last quarter. Pingora Partners LLC purchased a new stake in shares of Cameco in the 3rd quarter valued at approximately $33,000. First Horizon Advisors Inc. lifted its holdings in shares of Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after acquiring an additional 351 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Cameco during the 3rd quarter worth approximately $38,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 267 shares during the last quarter. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Down 0.4 %

Shares of NYSE CCJ opened at $49.64 on Thursday. Cameco Co. has a 52-week low of $35.43 and a 52-week high of $62.55. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $52.51 and its two-hundred day moving average is $49.47. The firm has a market cap of $21.61 billion, a price-to-earnings ratio of 261.28 and a beta of 0.94.

Cameco 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.