Corient Private Wealth LLC Lowers Stock Position in Cameco Co. (NYSE:CCJ)

Corient Private Wealth LLC decreased its position in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,350 shares of the basic materials company’s stock after selling 1,478 shares during the quarter. Corient Private Wealth LLC’s holdings in Cameco were worth $3,769,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CCJ. AGF Management Ltd. boosted its stake in shares of Cameco by 54.2% during the 4th quarter. AGF Management Ltd. now owns 3,393,233 shares of the basic materials company’s stock worth $174,433,000 after acquiring an additional 1,193,266 shares in the last quarter. Segra Capital Management LLC purchased a new stake in shares of Cameco during the 3rd quarter worth approximately $53,013,000. Fred Alger Management LLC lifted its stake in Cameco by 99.7% in the 3rd quarter. Fred Alger Management LLC now owns 1,680,259 shares of the basic materials company’s stock valued at $80,249,000 after buying an additional 839,077 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Cameco in the 4th quarter valued at approximately $34,440,000. Finally, Massachusetts Financial Services Co. MA lifted its stake in Cameco by 44.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,151,105 shares of the basic materials company’s stock valued at $102,737,000 after buying an additional 664,828 shares in the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

CCJ has been the topic of a number of recent research reports. Glj Research upped their target price on Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research note on Wednesday, March 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Cameco in a research note on Tuesday, March 4th. Stifel Nicolaus initiated coverage on Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. Stifel Canada raised Cameco to a “strong-buy” rating in a research note on Wednesday, March 12th. Finally, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $73.64.

Cameco Trading Down 0.5 %

Shares of CCJ opened at $44.62 on Friday. The stock has a fifty day moving average of $47.03 and a two-hundred day moving average of $50.10. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88. The company has a market capitalization of $19.42 billion, a PE ratio of 159.34 and a beta of 1.04. Cameco Co. has a fifty-two week low of $35.43 and a fifty-two week high of $62.55.

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

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.