Councilmark Asset Management LLC Decreases Stake in Cameco Co. (NYSE:CCJ)

Councilmark Asset Management LLC lessened its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 37.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,225 shares of the basic materials company’s stock after selling 15,410 shares during the quarter. Councilmark Asset Management LLC’s holdings in Cameco were worth $1,296,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in Cameco during the fourth quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Cameco during the fourth quarter valued at about $28,000. Whipplewood Advisors LLC bought a new stake in Cameco during the fourth quarter valued at about $33,000. Pingora Partners LLC bought a new stake in Cameco during the third quarter valued at about $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 0.5 %

Cameco stock opened at $43.09 on Wednesday. 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 stock has a market capitalization of $18.76 billion, a price-to-earnings ratio of 153.90 and a beta of 1.04. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The business has a fifty day moving average price of $47.40 and a 200-day moving average price of $50.07.

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

Analysts Set New Price Targets

CCJ has been the subject of a number of recent analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Cameco in a research note on Tuesday, March 4th. StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research report on Wednesday. Stifel Nicolaus began coverage on Cameco in a report on Wednesday, March 12th. They issued a “buy” rating on the stock. Stifel Canada upgraded Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Finally, Glj Research raised their price objective on Cameco from $62.76 to $75.68 and gave the stock a “buy” rating in a report on Wednesday, March 12th. One analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Cameco currently has a consensus rating of “Buy” and an average target price of $73.64.

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.