Scotia Capital Inc. lowered its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 28.2% in the 4th quarter, Holdings Channel reports. The firm owned 120,117 shares of the basic materials company’s stock after selling 47,173 shares during the quarter. Scotia Capital Inc.’s holdings in Cameco were worth $1,108,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in shares of Cameco in the third quarter worth about $109,000. Pinebridge Investments L.P. purchased a new position in shares of Cameco in the third quarter worth about $114,000. Timber Hill LLC purchased a new position in shares of Cameco in the fourth quarter worth about $117,000. Rathbone Brothers plc purchased a new position in shares of Cameco in the fourth quarter worth about $122,000. Finally, Candriam Luxembourg S.C.A. purchased a new position in shares of Cameco in the fourth quarter worth about $132,000. 50.58% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the company. ValuEngine upgraded Cameco from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research upgraded Cameco from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 13th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $18.33.
Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings data on Friday, February 9th. The basic materials company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.07. Cameco had a positive return on equity of 1.24% and a negative net margin of 9.72%. The firm had revenue of $809.00 million for the quarter, compared to the consensus estimate of $780.91 million. During the same quarter in the previous year, the business earned $0.23 earnings per share. The company’s quarterly revenue was down 8.8% on a year-over-year basis. research analysts expect that Cameco Corp will post 0.59 EPS for the current year.
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Cameco Corporation (Cameco) is a uranium producer. The Company is primarily engaged in the exploration for and the development, mining, refining, conversion, fabrication and trading of uranium for sale as fuel for generating electricity in nuclear power reactors in Canada and other countries. The Company operates through three segments: uranium, fuel services and NUKEM.
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