Morningstar Investment Services LLC Sells 26,239 Shares of Cameco Corp (NYSE:CCJ)

Morningstar Investment Services LLC lowered its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 403,956 shares of the basic materials company’s stock after selling 26,239 shares during the quarter. Morningstar Investment Services LLC owned about 0.10% of Cameco worth $4,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Valeo Financial Advisors LLC boosted its position in shares of Cameco by 156.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,422 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 1,478 shares in the last quarter. JFS Wealth Advisors LLC bought a new position in shares of Cameco during the 1st quarter worth about $35,000. 1832 Asset Management L.P. boosted its position in shares of Cameco by 264.7% during the 1st quarter. 1832 Asset Management L.P. now owns 6,200 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 4,500 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Cameco by 118.5% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 7,021 shares of the basic materials company’s stock worth $54,000 after purchasing an additional 3,808 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Cameco by 318.8% during the 4th quarter. Quadrant Capital Group LLC now owns 6,851 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 5,215 shares in the last quarter. 56.03% of the stock is currently owned by institutional investors and hedge funds.

NYSE:CCJ traded down $0.10 on Friday, hitting $10.16. The stock had a trading volume of 4,854,076 shares, compared to its average volume of 3,316,266. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.56 and a current ratio of 5.44. The stock has a market cap of $4.02 billion, a P/E ratio of 112.89 and a beta of 0.90. Cameco Corp has a 1 year low of $5.30 and a 1 year high of $12.33. The firm’s fifty day simple moving average is $10.69 and its two-hundred day simple moving average is $9.42.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Wednesday, July 29th. The basic materials company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.11). The firm had revenue of $525.00 million during the quarter, compared to analysts’ expectations of $414.76 million. Cameco had a net margin of 2.26% and a return on equity of 1.21%. The company’s quarterly revenue was up 35.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.04) EPS. Equities research analysts predict that Cameco Corp will post -0.04 EPS for the current year.

CCJ has been the topic of a number of analyst reports. BMO Capital Markets upped their target price on shares of Cameco from $12.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, May 5th. ValuEngine lowered shares of Cameco from a “buy” rating to a “hold” rating in a report on Friday, May 1st. TD Securities upgraded shares of Cameco from a “hold” rating to a “buy” rating in a report on Monday, May 4th. Royal Bank of Canada restated a “hold” rating and issued a $14.00 target price (down previously from $15.00) on shares of Cameco in a report on Thursday. Finally, Zacks Investment Research upgraded shares of Cameco from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Friday, July 17th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cameco presently has an average rating of “Buy” and an average target price of $13.92.

Cameco Profile

Cameco Corporation produces and sells uranium worldwide. The company operates in two segments, Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrate. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; and the Inkai property located in Kazakhstan.

See Also: What is the S&P/TSX Index?

Want to see what other hedge funds are holding CCJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cameco Corp (NYSE:CCJ) (TSE:CCO).

Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

Receive News & Ratings for Cameco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cameco and related companies with MarketBeat.com's FREE daily email newsletter.