Sei Investments Co. Reduces Stock Holdings in Cameco Corporation $CCJ

Sei Investments Co. decreased its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 10.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,879 shares of the basic materials company’s stock after selling 5,479 shares during the period. Sei Investments Co.’s holdings in Cameco were worth $4,874,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CCJ. Clearstead Advisors LLC grew its position in Cameco by 0.8% in the fourth quarter. Clearstead Advisors LLC now owns 10,158 shares of the basic materials company’s stock worth $929,000 after acquiring an additional 85 shares during the period. Legacy Bridge LLC lifted its stake in shares of Cameco by 0.9% in the 4th quarter. Legacy Bridge LLC now owns 11,508 shares of the basic materials company’s stock valued at $1,053,000 after purchasing an additional 100 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Cameco by 3.1% in the 1st quarter. HB Wealth Management LLC now owns 3,560 shares of the basic materials company’s stock valued at $387,000 after purchasing an additional 107 shares during the last quarter. Groupama Asset Managment grew its holdings in shares of Cameco by 5.9% during the 4th quarter. Groupama Asset Managment now owns 1,928 shares of the basic materials company’s stock worth $176,000 after purchasing an additional 108 shares during the period. Finally, S.A. Mason LLC increased its position in shares of Cameco by 4.8% during the 4th quarter. S.A. Mason LLC now owns 2,436 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 111 shares during the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CCJ shares. Citigroup reiterated a “positive” rating on shares of Cameco in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Cameco from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. Scotiabank reaffirmed an “outperform” rating and set a $175.00 price objective on shares of Cameco in a research report on Wednesday, May 6th. William Blair began coverage on Cameco in a research report on Monday, April 20th. They issued an “outperform” rating on the stock. Finally, Barclays lowered their price target on Cameco from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $145.60.

Cameco Trading Up 1.5%

Shares of Cameco stock opened at $94.45 on Thursday. The company has a fifty day simple moving average of $98.58 and a 200-day simple moving average of $109.53. Cameco Corporation has a 12-month low of $68.96 and a 12-month high of $135.24. The company has a current ratio of 3.06, a quick ratio of 2.09 and a debt-to-equity ratio of 0.14. The stock has a market cap of $41.14 billion, a price-to-earnings ratio of 160.09, a PEG ratio of 1.50 and a beta of 1.05.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Friday, July 31st. The basic materials company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.13). The firm had revenue of $573.06 million for the quarter, compared to analyst estimates of $579.60 million. Cameco had a return on equity of 7.59% and a net margin of 10.20%.The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. On average, equities analysts forecast that Cameco Corporation will post 1.31 EPS for the current fiscal year.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.