Capital Investment Advisory Services LLC Cuts Position in Cameco Co. (NYSE:CCJ)

Capital Investment Advisory Services LLC lowered its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 33.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,543 shares of the basic materials company’s stock after selling 3,332 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Cameco were worth $282,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CCJ. FMR LLC increased its position in shares of Cameco by 21.6% in the third quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock valued at $1,087,629,000 after buying an additional 4,865,085 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Cameco by 74.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,730,858 shares of the basic materials company’s stock valued at $227,365,000 after buying an additional 2,442,190 shares in the last quarter. Platinum Investment Management Ltd. increased its position in shares of Cameco by 156.3% in the third quarter. Platinum Investment Management Ltd. now owns 3,089,235 shares of the basic materials company’s stock valued at $122,605,000 after buying an additional 1,884,004 shares in the last quarter. Rheos Capital Works Inc. purchased a new position in shares of Cameco in the fourth quarter valued at $61,245,000. Finally, Lord Abbett & CO. LLC purchased a new position in shares of Cameco in the third quarter valued at $46,585,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Up 2.9 %

CCJ opened at $48.68 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.55 and a debt-to-equity ratio of 0.21. The firm has a market cap of $21.14 billion, a P/E ratio of 81.13 and a beta of 0.92. Cameco Co. has a 52 week low of $25.35 and a 52 week high of $52.64. The business’s fifty day simple moving average is $44.02 and its 200 day simple moving average is $43.78.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $620.00 million for the quarter. Cameco had a net margin of 13.97% and a return on equity of 5.61%. As a group, equities research analysts anticipate that Cameco Co. will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCJ. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group initiated coverage on Cameco in a research note on Monday, April 1st. They set a “buy” rating and a $55.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cameco presently has an average rating of “Moderate Buy” and an average target price of $62.75.

About Cameco

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.