Sovereign Financial Group Inc. Reduces Holdings in Cameco Co. (NYSE:CCJ)

Sovereign Financial Group Inc. lessened its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 26.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,375 shares of the basic materials company’s stock after selling 2,238 shares during the period. Sovereign Financial Group Inc.’s holdings in Cameco were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cameco by 37.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 280,118 shares of the basic materials company’s stock worth $11,165,000 after buying an additional 76,624 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Cameco by 0.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 12,553,350 shares of the basic materials company’s stock valued at $500,370,000 after purchasing an additional 110,239 shares during the last quarter. Advisor Partners II LLC lifted its holdings in Cameco by 3.7% in the third quarter. Advisor Partners II LLC now owns 12,507 shares of the basic materials company’s stock worth $496,000 after acquiring an additional 452 shares during the last quarter. Henry James International Management Inc. boosted its position in Cameco by 9.7% during the 3rd quarter. Henry James International Management Inc. now owns 11,415 shares of the basic materials company’s stock valued at $452,000 after purchasing an additional 1,011 shares during the period. Finally, Joule Financial LLC boosted its stake in Cameco by 6.7% during the 3rd quarter. Joule Financial LLC now owns 16,129 shares of the basic materials company’s stock valued at $639,000 after purchasing an additional 1,016 shares during the period. 70.21% of the stock is owned by hedge funds and other institutional investors.

Cameco Stock Up 2.0 %

NYSE CCJ traded up $1.02 on Tuesday, reaching $51.75. The company had a trading volume of 6,532,956 shares, compared to its average volume of 5,076,142. The company’s fifty day moving average is $45.47 and its 200-day moving average is $44.59. Cameco Co. has a 1-year low of $26.15 and a 1-year high of $52.80. The firm has a market capitalization of $22.47 billion, a price-to-earnings ratio of 132.69 and a beta of 0.92. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.69 and a current ratio of 1.42.

Cameco (NYSE:CCJ) (TSE:CCO) last released its earnings results on Thursday, February 8th. The basic materials company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.06). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The firm had revenue of $620.00 million during the quarter. On average, research analysts forecast that Cameco Co. will post 1.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on CCJ. StockNews.com lowered Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. The Goldman Sachs Group initiated coverage on shares of Cameco in a report on Monday, April 1st. They set a “buy” rating and a $55.00 price target for the company. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Cameco currently has an average rating of “Moderate Buy” and a consensus price target of $62.75.

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.