Reaves W H & Co. Inc. Sells 3,895 Shares of Cameco Co. (NYSE:CCJ)

Reaves W H & Co. Inc. decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,438,968 shares of the basic materials company’s stock after selling 3,895 shares during the quarter. Cameco makes up 2.0% of Reaves W H & Co. Inc.’s investment portfolio, making the stock its 23rd largest position. Reaves W H & Co. Inc.’s holdings in Cameco were worth $73,949,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Cameco in the 4th quarter worth about $25,000. Pingora Partners LLC bought a new position in Cameco in the 3rd quarter worth about $33,000. Whipplewood Advisors LLC bought a new position in Cameco in the 4th quarter worth about $33,000. Compass Planning Associates Inc bought a new position in Cameco in the 4th quarter worth about $36,000. Finally, First Horizon Advisors Inc. boosted its stake in Cameco by 84.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 768 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 351 shares during the period. Institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded Cameco from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $66.56.

Cameco Stock Performance

NYSE:CCJ opened at $41.05 on Tuesday. The business’s 50-day moving average price is $49.63 and its two-hundred day moving average price is $49.99. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $62.55. The stock has a market cap of $17.87 billion, a P/E ratio of 146.61 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 2.88 and a debt-to-equity ratio of 0.20.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The firm had revenue of $845.54 million for the quarter, compared to analysts’ expectations of $1.09 billion. As a group, equities analysts predict that Cameco Co. will post 1.27 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.