Cameco (NYSE:CCJ) Shares Down 0.3% – Here’s Why

Cameco Co. (NYSE:CCJ) (TSE:CCO)’s share price fell 0.3% on Thursday . The company traded as low as $49.00 and last traded at $49.47. 841,268 shares traded hands during mid-day trading, a decline of 81% from the average session volume of 4,409,301 shares. The stock had previously closed at $49.63.

Cameco Stock Down 1.1 %

The firm has a market cap of $21.36 billion, a PE ratio of 258.04 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’s 50 day moving average price is $52.32 and its 200 day moving average price is $49.47.

Hedge Funds Weigh In On Cameco

Large investors have recently made changes to their positions in the stock. Dantai Capital Ltd lifted its holdings in shares of Cameco by 44.2% in the 3rd quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock worth $2,735,000 after acquiring an additional 17,560 shares during the last quarter. Roberts Wealth Advisors LLC acquired a new stake in Cameco during the 4th quarter worth approximately $895,000. Whalen Wealth Management Inc. acquired a new stake in Cameco during the 4th quarter worth approximately $445,000. iA Global Asset Management Inc. acquired a new stake in Cameco during the 3rd quarter worth approximately $5,305,000. Finally, Telemark Asset Management LLC increased its position in shares of Cameco by 8.3% in the 3rd quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock valued at $62,088,000 after purchasing an additional 100,000 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

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.