Moran Wealth Management LLC Sells 1,416 Shares of Cameco Co. (NYSE:CCJ)

Moran Wealth Management LLC lowered its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,721 shares of the basic materials company’s stock after selling 1,416 shares during the period. Moran Wealth Management LLC’s holdings in Cameco were worth $2,247,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in Cameco in the 4th quarter worth approximately $25,000. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Cameco during the fourth quarter worth approximately $28,000. Pingora Partners LLC bought a new stake in shares of Cameco in the 3rd quarter worth approximately $33,000. Whipplewood Advisors LLC purchased a new stake in shares of Cameco in the 4th quarter valued at $33,000. Finally, Compass Planning Associates Inc bought a new position in shares of Cameco during the 4th quarter valued at $36,000. 70.21% of the stock is currently owned by hedge funds and other institutional investors.

Cameco Stock Performance

Cameco stock opened at $41.70 on Wednesday. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. The firm has a market cap of $18.15 billion, a P/E ratio of 148.91 and a beta of 1.04. Cameco Co. has a 1-year low of $35.43 and a 1-year high of $62.55. The firm has a 50-day moving average of $48.40 and a 200-day moving average of $50.01.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Thursday, February 20th. The basic materials company reported $0.26 earnings per share for the quarter, hitting the consensus estimate of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The business had revenue of $845.54 million during the quarter, compared to analysts’ expectations of $1.09 billion. Sell-side analysts expect that Cameco Co. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on CCJ shares. StockNews.com lowered shares of Cameco from a “hold” rating to a “sell” rating in a research report on Tuesday. Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and an average target price of $71.25.

Cameco 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.