Vident Advisory LLC Decreases Stake in Cameco Co. (NYSE:CCJ)

Vident Advisory LLC reduced its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 13.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 798,281 shares of the basic materials company’s stock after selling 119,124 shares during the period. Cameco comprises 0.7% of Vident Advisory LLC’s investment portfolio, making the stock its 23rd biggest position. Vident Advisory LLC owned approximately 0.18% of Cameco worth $41,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Larson Financial Group LLC grew its position in shares of Cameco by 37.4% during the 4th quarter. Larson Financial Group LLC now owns 830 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 226 shares during the period. Two Sigma Investments LP grew its position in shares of Cameco by 0.5% during the 4th quarter. Two Sigma Investments LP now owns 50,438 shares of the basic materials company’s stock valued at $2,592,000 after acquiring an additional 238 shares during the period. Heritage Wealth Management Inc. grew its position in shares of Cameco by 0.8% during the 4th quarter. Heritage Wealth Management Inc. now owns 30,875 shares of the basic materials company’s stock valued at $1,587,000 after acquiring an additional 250 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in shares of Cameco by 48.6% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 816 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 267 shares during the period. Finally, EdgeRock Capital LLC grew its position in shares of Cameco by 2.2% during the 4th quarter. EdgeRock Capital LLC now owns 13,986 shares of the basic materials company’s stock valued at $719,000 after acquiring an additional 297 shares during the period. 70.21% of the stock is owned by institutional investors.

Cameco Price Performance

Shares of NYSE CCJ opened at $51.33 on Monday. The stock has a market cap of $22.35 billion, a PE ratio of 183.33 and a beta of 0.89. Cameco Co. has a fifty-two week low of $35.00 and a fifty-two week high of $62.55. 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 stock has a fifty day moving average of $43.73 and a 200-day moving average of $48.82.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Thursday, May 1st. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $549.58 million during the quarter, compared to analysts’ expectations of $890.07 million. Cameco had a net margin of 5.39% and a return on equity of 4.34%. Cameco’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 earnings per share. Equities research analysts anticipate that Cameco Co. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CCJ shares. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a research report on Wednesday, March 12th. Scotiabank reissued an “outperform” rating on shares of Cameco in a research report on Wednesday. Desjardins started coverage on shares of Cameco in a research note on Friday, April 4th. They issued a “buy” rating for the company. Royal Bank of Canada restated an “outperform” rating and set a $90.00 target price on shares of Cameco in a research report on Tuesday, March 4th. Finally, StockNews.com raised Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $70.03.

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.