Cameco (NYSE:CCJ) Stock Price Down 4.6% – What’s Next?

Shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) fell 4.6% on Friday . The stock traded as low as $47.23 and last traded at $46.82. 2,064,220 shares changed hands during trading, a decline of 54% from the average session volume of 4,449,161 shares. The stock had previously closed at $49.08.

Cameco Trading Down 4.3 %

The business’s 50 day moving average price is $52.07 and its two-hundred day moving average price is $49.47. The company has a market capitalization of $20.45 billion, a price-to-earnings ratio of 247.22 and a beta of 0.94. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dantai Capital Ltd lifted its stake in shares of Cameco by 44.2% in the third quarter. Dantai Capital Ltd now owns 57,260 shares of the basic materials company’s stock valued at $2,735,000 after buying an additional 17,560 shares in the last quarter. Roberts Wealth Advisors LLC purchased a new stake in shares of Cameco in the fourth quarter valued at about $895,000. Whalen Wealth Management Inc. purchased a new position in shares of Cameco in the 4th quarter worth approximately $445,000. iA Global Asset Management Inc. bought a new position in Cameco in the 3rd quarter valued at $5,305,000. Finally, Telemark Asset Management LLC raised its position in Cameco by 8.3% in the third quarter. Telemark Asset Management LLC now owns 1,300,000 shares of the basic materials company’s stock worth $62,088,000 after acquiring an additional 100,000 shares during the period. 70.21% of the stock is owned by institutional investors and hedge funds.

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.