Cameco Co. (NYSE:CCJ) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. cut its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,761 shares of the basic materials company’s stock after selling 460 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Cameco were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Black Swift Group LLC boosted its position in shares of Cameco by 13.5% during the fourth quarter. Black Swift Group LLC now owns 42,100 shares of the basic materials company’s stock worth $2,164,000 after buying an additional 5,000 shares during the period. Raymond James Financial Inc. acquired a new stake in Cameco in the fourth quarter worth approximately $34,440,000. Aigen Investment Management LP acquired a new stake in Cameco in the fourth quarter worth approximately $930,000. Proficio Capital Partners LLC acquired a new stake in Cameco in the fourth quarter worth approximately $1,212,000. Finally, M&T Bank Corp lifted its position in Cameco by 94.5% in the fourth quarter. M&T Bank Corp now owns 9,184 shares of the basic materials company’s stock worth $472,000 after purchasing an additional 4,463 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Price Performance

CCJ stock opened at $41.87 on Monday. Cameco Co. has a one year low of $35.43 and a one year high of $62.55. The firm has a 50-day moving average of $48.80 and a two-hundred day moving average of $50.02. The firm has a market capitalization of $18.23 billion, a PE ratio of 149.54 and a beta of 1.04. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 EPS for the quarter, meeting the consensus estimate of $0.26. Cameco had a net margin of 5.39% and a return on equity of 4.34%. The business had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. On average, analysts forecast that Cameco Co. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCJ has been the subject of a number of research analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Cameco currently has a consensus rating of “Buy” and a consensus target price of $71.25.

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.