Cameco Co. (NYSE:CCJ) Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC cut its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,580 shares of the basic materials company’s stock after selling 895 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Cameco were worth $240,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its stake in shares of Cameco by 23.5% during the 4th quarter. Van ECK Associates Corp now owns 625,619 shares of the basic materials company’s stock worth $26,977,000 after buying an additional 118,950 shares during the period. Eagle Wealth Strategies LLC acquired a new position in Cameco during the fourth quarter worth $482,000. Intact Investment Management Inc. lifted its holdings in Cameco by 88.6% during the fourth quarter. Intact Investment Management Inc. now owns 179,250 shares of the basic materials company’s stock valued at $7,729,000 after purchasing an additional 84,190 shares in the last quarter. Headlands Technologies LLC acquired a new stake in shares of Cameco in the fourth quarter valued at about $514,000. Finally, Truist Financial Corp increased its stake in shares of Cameco by 19.7% during the fourth quarter. Truist Financial Corp now owns 24,667 shares of the basic materials company’s stock worth $1,063,000 after purchasing an additional 4,061 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Cameco Trading Up 3.3 %

CCJ opened at $52.22 on Friday. The firm has a market capitalization of $22.67 billion, a price-to-earnings ratio of 133.90 and a beta of 0.92. The company’s 50 day simple moving average is $45.90 and its two-hundred day simple moving average is $44.68. Cameco Co. has a 1-year low of $26.15 and a 1-year high of $52.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings data on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.06). The company had revenue of $620.00 million for the quarter. Cameco had a return on equity of 4.60% and a net margin of 9.28%. Analysts expect that Cameco Co. will post 1.37 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.