Cambridge Investment Research Advisors Inc. Sells 10,225 Shares of Cameco Co. (NYSE:CCJ)

Cambridge Investment Research Advisors Inc. cut its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 22.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,330 shares of the basic materials company’s stock after selling 10,225 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Cameco were worth $1,738,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CCJ. Vanguard Group Inc. grew its holdings in Cameco by 1.3% during the first quarter. Vanguard Group Inc. now owns 15,911,954 shares of the basic materials company’s stock valued at $689,306,000 after purchasing an additional 200,871 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cameco by 2.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,711,154 shares of the basic materials company’s stock worth $593,967,000 after acquiring an additional 288,400 shares in the last quarter. Capital World Investors lifted its position in shares of Cameco by 1.6% during the first quarter. Capital World Investors now owns 13,708,235 shares of the basic materials company’s stock worth $593,524,000 after acquiring an additional 215,741 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Cameco by 3.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,514,500 shares of the basic materials company’s stock worth $282,210,000 after acquiring an additional 202,157 shares in the last quarter. Finally, Platinum Investment Management Ltd. lifted its position in shares of Cameco by 0.6% during the first quarter. Platinum Investment Management Ltd. now owns 3,092,417 shares of the basic materials company’s stock worth $133,971,000 after acquiring an additional 18,166 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Cameco Trading Up 1.5 %

Shares of CCJ stock opened at $40.84 on Tuesday. The business’s fifty day moving average is $45.08 and its 200 day moving average is $46.73. Cameco Co. has a 52-week low of $35.18 and a 52-week high of $56.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.48 and a current ratio of 3.22. The company has a market capitalization of $17.77 billion, a PE ratio of 104.72 and a beta of 0.92.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.14). Cameco had a net margin of 9.72% and a return on equity of 5.63%. The firm had revenue of $598.00 million for the quarter, compared to analysts’ expectations of $756.00 million. During the same quarter in the previous year, the business earned ($0.01) EPS. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. On average, equities research analysts anticipate that Cameco Co. will post 1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CCJ has been the topic of several recent research reports. The Goldman Sachs Group increased their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. Glj Research restated a “buy” rating and set a $63.73 target price on shares of Cameco in a research report on Wednesday, August 14th. Bank of America increased their target price on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. Scotiabank lowered their price objective on Cameco from $81.00 to $80.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Cantor Fitzgerald upgraded Cameco from a “neutral” rating to an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Cameco has a consensus rating of “Moderate Buy” and a consensus price target of $65.37.

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.