Cameco Co. (NYSE:CCJ) Holdings Lowered by Wexford Capital LP

Wexford Capital LP trimmed its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,674 shares of the basic materials company’s stock after selling 698 shares during the quarter. Wexford Capital LP’s holdings in Cameco were worth $292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Sierra Ocean LLC acquired a new position in shares of Cameco in the 4th quarter worth approximately $25,000. Hurley Capital LLC acquired a new position in shares of Cameco in the 4th quarter worth approximately $27,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of Cameco in the 4th quarter worth approximately $28,000. Whipplewood Advisors LLC acquired a new position in shares of Cameco in the 4th quarter worth approximately $33,000. Finally, Compass Planning Associates Inc acquired a new stake in shares of Cameco during the fourth quarter valued at approximately $36,000. 70.21% of the stock is currently owned by institutional investors.

Cameco Stock Performance

Shares of CCJ opened at $51.16 on Tuesday. The company’s 50 day moving average price is $43.90 and its 200 day moving average price is $48.81. Cameco Co. has a 52 week low of $35.00 and a 52 week high of $62.55. The company has a market capitalization of $22.27 billion, a PE ratio of 182.71 and a beta of 0.89. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.26 and a current ratio of 2.88.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CCJ. Scotiabank restated an “outperform” rating on shares of Cameco in a report on Wednesday, May 14th. Stifel Canada upgraded shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. StockNews.com upgraded shares of Cameco from a “sell” rating to a “hold” rating in a report on Tuesday, May 13th. Stifel Nicolaus began coverage on shares of Cameco in a report on Wednesday, March 12th. They set a “buy” rating on the stock. Finally, Desjardins began coverage on shares of Cameco in a report on Friday, April 4th. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price 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.