NewEdge Wealth LLC Lowers Stake in Cameco Co. (NYSE:CCJ)

NewEdge Wealth LLC decreased its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,286 shares of the basic materials company’s stock after selling 2,460 shares during the quarter. NewEdge Wealth LLC’s holdings in Cameco were worth $443,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Cameco by 21.6% during the 3rd quarter. FMR LLC now owns 27,418,564 shares of the basic materials company’s stock worth $1,087,629,000 after buying an additional 4,865,085 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cameco by 37.4% in 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 acquiring an additional 4,644,453 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Cameco by 1.5% in the third quarter. Vanguard Group Inc. now owns 15,548,514 shares of the basic materials company’s stock valued at $616,343,000 after purchasing an additional 236,212 shares during the period. Capital World Investors grew its stake in Cameco by 402.0% during the 1st quarter. Capital World Investors now owns 10,131,797 shares of the basic materials company’s stock worth $295,084,000 after purchasing an additional 8,113,385 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in Cameco by 6.6% during the 2nd quarter. Alliancebernstein L.P. now owns 7,926,606 shares of the basic materials company’s stock worth $248,341,000 after purchasing an additional 493,514 shares during the period. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Up 0.4 %

CCJ stock opened at $48.41 on Thursday. The stock has a market cap of $21.02 billion, a P/E ratio of 80.68 and a beta of 0.92. The company has a current ratio of 1.55, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21. Cameco Co. has a twelve month low of $25.11 and a twelve month high of $52.64. The company’s 50 day moving average is $43.66 and its two-hundred day moving average is $43.42.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a return on equity of 5.61% and a net margin of 13.97%. The company had revenue of $620.00 million for the quarter. Research analysts expect that Cameco Co. will post 1.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on CCJ shares. StockNews.com cut shares of Cameco from a “hold” rating to a “sell” rating in a report on Thursday, April 4th. The Goldman Sachs Group began coverage on Cameco in a report on Monday, April 1st. They issued a “buy” rating and a $55.00 target price on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $62.75.

Cameco 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.