SG Americas Securities LLC Reduces Holdings in Cameco Co. (NYSE:CCJ)

SG Americas Securities LLC decreased its holdings in Cameco Co. (NYSE:CCJGet Rating) (TSE:CCO) by 55.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,884 shares of the basic materials company’s stock after selling 33,643 shares during the quarter. SG Americas Securities LLC’s holdings in Cameco were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Capital World Investors lifted its holdings in Cameco by 402.0% during the first quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock valued at $295,084,000 after purchasing an additional 8,113,385 shares in the last quarter. FMR LLC lifted its holdings in Cameco by 360.1% during the second quarter. FMR LLC now owns 8,186,417 shares of the basic materials company’s stock valued at $172,088,000 after purchasing an additional 6,407,271 shares in the last quarter. Alps Advisors Inc. purchased a new position in Cameco during the second quarter valued at approximately $121,589,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Cameco by 37.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,068,688 shares of the basic materials company’s stock valued at $497,555,000 after purchasing an additional 4,644,453 shares in the last quarter. Finally, Pendal Group Ltd lifted its holdings in Cameco by 168.4% during the second quarter. Pendal Group Ltd now owns 3,112,423 shares of the basic materials company’s stock valued at $65,281,000 after purchasing an additional 1,952,856 shares in the last quarter. Hedge funds and other institutional investors own 53.82% of the company’s stock.

Cameco Trading Up 3.9 %

Shares of CCJ opened at $26.30 on Friday. The company’s fifty day moving average is $23.40 and its 200 day moving average is $24.60. Cameco Co. has a fifty-two week low of $18.03 and a fifty-two week high of $32.49. The stock has a market capitalization of $11.38 billion, a PE ratio of 119.55, a P/E/G ratio of 0.48 and a beta of 0.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.03 and a current ratio of 5.11.

Cameco (NYSE:CCJGet Rating) (TSE:CCO) last posted its quarterly earnings data on Thursday, October 27th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.06. The company had revenue of $297.96 million during the quarter. Cameco had a net margin of 6.43% and a return on equity of 2.50%. Sell-side analysts expect that Cameco Co. will post 0.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CCJ has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price objective on shares of Cameco from C$43.00 to C$44.00 and gave the company a “buy” rating in a research report on Wednesday, October 26th. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a research report on Friday, October 28th. Raymond James reduced their price objective on shares of Cameco from C$45.00 to C$44.00 in a research report on Wednesday, January 11th. Scotiabank reduced their price objective on shares of Cameco from C$44.00 to C$42.00 in a research report on Tuesday, October 18th. Finally, TD Securities lifted their price objective on shares of Cameco from C$40.00 to C$41.00 in a research report on Friday, October 28th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $42.63.

Cameco Company Profile

(Get Rating)

Cameco Corp. engages in the provision of uranium. It operates through the following segments: Uranium and Fuel Services. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment is involved in the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.

Further Reading

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