Cameco Corporation $CCJ Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. cut its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 9.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,903,882 shares of the basic materials company’s stock after selling 408,457 shares during the quarter. Cameco accounts for 1.8% of Alps Advisors Inc.’s portfolio, making the stock its 11th biggest holding. Alps Advisors Inc. owned 0.90% of Cameco worth $327,380,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Financial Consulate Inc. acquired a new position in shares of Cameco during the 3rd quarter worth $25,000. Armstrong Advisory Group Inc. boosted its holdings in Cameco by 110.3% during the third quarter. Armstrong Advisory Group Inc. now owns 347 shares of the basic materials company’s stock worth $29,000 after buying an additional 182 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Cameco during the third quarter worth about $37,000. VSM Wealth Advisory LLC acquired a new position in Cameco during the second quarter worth about $35,000. Finally, Creative Financial Designs Inc. ADV increased its holdings in Cameco by 936.2% in the second quarter. Creative Financial Designs Inc. ADV now owns 487 shares of the basic materials company’s stock valued at $36,000 after buying an additional 440 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research upgraded Cameco from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Royal Bank Of Canada lowered their target price on Cameco from $160.00 to $150.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Scotiabank restated an “outperform” rating on shares of Cameco in a research report on Wednesday, October 29th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $147.00 price target on shares of Cameco in a research note on Thursday. Finally, UBS Group assumed coverage on shares of Cameco in a research note on Monday, November 10th. They issued a “neutral” rating and a $140.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Cameco currently has an average rating of “Buy” and a consensus target price of $131.39.

Cameco Trading Up 4.0%

Cameco stock opened at $113.66 on Friday. The stock has a 50-day moving average price of $103.70 and a 200 day moving average price of $90.61. Cameco Corporation has a 52 week low of $35.00 and a 52 week high of $135.24. The stock has a market cap of $49.49 billion, a PE ratio of 132.16 and a beta of 0.99. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.17). The firm had revenue of $313.74 million for the quarter, compared to analyst estimates of $531.72 million. Cameco had a return on equity of 8.58% and a net margin of 15.24%.Cameco’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) earnings per share. Equities research analysts predict that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Cameco Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.