Sentry Investment Management LLC Reduces Stake in Cameco Co. (NYSE:CCJ)

Sentry Investment Management LLC trimmed its holdings in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 14.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,230 shares of the basic materials company’s stock after selling 1,177 shares during the period. Sentry Investment Management LLC’s holdings in Cameco were worth $371,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dantai Capital Ltd grew its position in Cameco by 44.2% during the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after purchasing an additional 17,560 shares during the period. Roberts Wealth Advisors LLC acquired a new stake in Cameco during the fourth quarter worth about $895,000. Whalen Wealth Management Inc. acquired a new stake in Cameco during the fourth quarter worth about $445,000. iA Global Asset Management Inc. purchased a new position in Cameco during the third quarter valued at approximately $5,305,000. Finally, Telemark Asset Management LLC lifted its holdings in Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after acquiring an additional 100,000 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Up 0.6 %

Cameco stock opened at $43.55 on Wednesday. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The stock has a market capitalization of $18.96 billion, a PE ratio of 155.54 and a beta of 0.94. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.88 and a quick ratio of 1.26. The business has a 50 day simple moving average of $50.37 and a 200-day simple moving average of $49.89.

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

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $66.56.

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.