Sumitomo Mitsui Trust Holdings Inc. Sells 19,840 Shares of Cameco Co. (NYSE:CCJ)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,495,563 shares of the basic materials company’s stock after selling 19,840 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Cameco were worth $64,595,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP grew its stake in Cameco by 1,049.2% in the 3rd quarter. Allworth Financial LP now owns 747 shares of the basic materials company’s stock worth $30,000 after buying an additional 682 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in Cameco by 210.4% in the 3rd quarter. Janiczek Wealth Management LLC now owns 773 shares of the basic materials company’s stock worth $31,000 after buying an additional 524 shares in the last quarter. Tyler Stone Wealth Management purchased a new position in Cameco in the 2nd quarter worth approximately $32,000. Versant Capital Management Inc purchased a new position in Cameco in the 4th quarter worth approximately $34,000. Finally, Sandy Spring Bank purchased a new position in Cameco in the 4th quarter worth approximately $43,000. Institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

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

Cameco Price Performance

Shares of Cameco stock opened at $48.17 on Friday. Cameco Co. has a 52-week low of $25.11 and a 52-week high of $52.64. The stock has a market capitalization of $20.92 billion, a price-to-earnings ratio of 80.28 and a beta of 0.92. The company has a fifty day moving average of $43.72 and a 200-day moving average of $43.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.55.

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

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.