Trek Financial LLC Decreases Holdings in Cameco Co. (NYSE:CCJ)

Trek Financial LLC reduced its position in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 11.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 154,340 shares of the basic materials company’s stock after selling 20,938 shares during the period. Trek Financial LLC’s holdings in Cameco were worth $7,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CCJ. FMR LLC raised its stake in shares of Cameco by 8.7% in the fourth quarter. FMR LLC now owns 22,639,647 shares of the basic materials company’s stock worth $1,163,942,000 after buying an additional 1,811,876 shares during the period. Aristides Capital LLC raised its stake in Cameco by 12.1% during the 4th quarter. Aristides Capital LLC now owns 28,030 shares of the basic materials company’s stock worth $1,440,000 after acquiring an additional 3,030 shares during the period. Hurley Capital LLC purchased a new position in Cameco during the fourth quarter valued at approximately $27,000. Old West Investment Management LLC increased its stake in shares of Cameco by 2.7% in the fourth quarter. Old West Investment Management LLC now owns 289,579 shares of the basic materials company’s stock worth $14,881,000 after purchasing an additional 7,507 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Cameco by 19.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 268,194 shares of the basic materials company’s stock valued at $13,782,000 after purchasing an additional 42,786 shares during the period. Institutional investors own 70.21% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. StockNews.com cut Cameco from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Canada raised shares of Cameco to a “strong-buy” rating in a report on Wednesday, March 12th. Glj Research lifted their price objective on shares of Cameco from $62.76 to $75.68 and gave the company a “buy” rating in a research report on Wednesday, March 12th. Desjardins assumed coverage on shares of Cameco in a research note on Friday. They set a “buy” rating for the company. Finally, Stifel Nicolaus assumed coverage on shares of Cameco in a research note on Wednesday, March 12th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, nine have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Cameco has an average rating of “Buy” and a consensus price target of $70.03.

Cameco Stock Down 7.6 %

Shares of NYSE:CCJ opened at $37.80 on Friday. The company has a 50-day moving average price of $45.02 and a 200 day moving average price of $50.32. The company has a current ratio of 2.88, a quick ratio of 1.26 and a debt-to-equity ratio of 0.20. Cameco Co. has a 12 month low of $35.43 and a 12 month high of $62.55. The company has a market cap of $16.45 billion, a price-to-earnings ratio of 134.98 and a beta of 1.04.

Cameco (NYSE:CCJ) (TSE:CCO) last issued its quarterly earnings results on Thursday, February 20th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.26. Cameco had a return on equity of 4.34% and a net margin of 5.39%. The company had revenue of $845.54 million during the quarter, compared to the consensus estimate of $1.09 billion. As a group, equities research analysts predict that Cameco Co. will post 1.27 earnings per share for the current year.

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.