Vontobel Holding Ltd. Trims Stock Holdings in Cameco Co. (NYSE:CCJ)

Vontobel Holding Ltd. lowered its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 42.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,324 shares of the basic materials company’s stock after selling 12,164 shares during the period. Vontobel Holding Ltd.’s holdings in Cameco were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCJ. Meitav Investment House Ltd. lifted its stake in shares of Cameco by 2.8% during the fourth quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock worth $383,000 after purchasing an additional 240 shares in the last quarter. Ingalls & Snyder LLC raised its holdings in shares of Cameco by 2.2% during the 4th quarter. Ingalls & Snyder LLC now owns 12,264 shares of the basic materials company’s stock valued at $529,000 after buying an additional 264 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Cameco by 1.4% in the 3rd quarter. Avantax Advisory Services Inc. now owns 21,495 shares of the basic materials company’s stock worth $852,000 after acquiring an additional 304 shares during the period. Joule Financial LLC grew its position in Cameco by 2.4% in the fourth quarter. Joule Financial LLC now owns 16,524 shares of the basic materials company’s stock valued at $712,000 after acquiring an additional 395 shares in the last quarter. Finally, Advisor Partners II LLC raised its stake in shares of Cameco by 3.7% during the third quarter. Advisor Partners II LLC now owns 12,507 shares of the basic materials company’s stock valued at $496,000 after purchasing an additional 452 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CCJ shares. 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 target price for the company. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research note on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Cameco presently has a consensus rating of “Moderate Buy” and an average price target of $62.75.

Cameco Trading Down 0.1 %

CCJ opened at $48.10 on Monday. The stock has a market capitalization of $20.89 billion, a PE ratio of 80.17 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.55 and a quick ratio of 0.97. Cameco Co. has a 12-month low of $25.11 and a 12-month high of $52.64. The firm’s fifty day moving average price is $43.81 and its 200 day moving average price is $43.63.

Cameco (NYSE:CCJ) (TSE:CCO) last issued 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). The company had revenue of $620.00 million for the quarter. Cameco had a return on equity of 5.61% and a net margin of 13.97%. As a group, research analysts expect that Cameco Co. will post 1.55 EPS for the current fiscal year.

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.