Candriam S.C.A. Sells 2,917 Shares of Cameco Co. (NYSE:CCJ)

Candriam S.C.A. reduced its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 37.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,916 shares of the basic materials company’s stock after selling 2,917 shares during the quarter. Candriam S.C.A.’s holdings in Cameco were worth $253,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Glenmede Trust Co. NA boosted its holdings in shares of Cameco by 2.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 9,149 shares of the basic materials company’s stock worth $437,000 after purchasing an additional 191 shares in the last quarter. Heritage Wealth Management Inc. boosted its holdings in shares of Cameco by 0.8% in the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock worth $1,587,000 after purchasing an additional 250 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Cameco by 48.6% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 267 shares in the last quarter. EdgeRock Capital LLC boosted its holdings in shares of Cameco by 2.2% in the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 297 shares in the last quarter. Finally, Highview Capital Management LLC DE boosted its holdings in shares of Cameco by 5.0% in the 4th quarter. Highview Capital Management LLC DE now owns 6,246 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 300 shares in the last quarter. 70.21% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cameco Trading Down 2.7 %

CCJ opened at $40.72 on Tuesday. The business has a 50 day simple moving average of $48.59 and a two-hundred day simple moving average of $50.02. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 145.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. Cameco Co. has a one year low of $35.43 and a one year high of $62.55.

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

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.