Murphy Pohlad Asset Management LLC Sells 250 Shares of Cameco Corporation $CCJ

Murphy Pohlad Asset Management LLC lessened its holdings in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,230 shares of the basic materials company’s stock after selling 250 shares during the quarter. Cameco accounts for approximately 2.2% of Murphy Pohlad Asset Management LLC’s investment portfolio, making the stock its 9th biggest position. Murphy Pohlad Asset Management LLC’s holdings in Cameco were worth $5,213,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of CCJ. Manchester Capital Management LLC boosted its holdings in shares of Cameco by 100.0% in the 1st quarter. Manchester Capital Management LLC now owns 600 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 300 shares in the last quarter. Dagco Inc. bought a new position in shares of Cameco in the 1st quarter valued at $28,000. SVB Wealth LLC bought a new position in shares of Cameco in the 1st quarter valued at $29,000. Trust Co. of Vermont lifted its stake in shares of Cameco by 1,029.4% in the 2nd quarter. Trust Co. of Vermont now owns 384 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 350 shares during the last quarter. Finally, Hilltop National Bank bought a new position in shares of Cameco in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Stock Down 1.8%

Shares of NYSE:CCJ opened at $104.74 on Friday. The firm has a market cap of $45.60 billion, a P/E ratio of 120.39 and a beta of 0.99. The company has a quick ratio of 2.00, a current ratio of 2.96 and a debt-to-equity ratio of 0.15. Cameco Corporation has a 12-month low of $35.00 and a 12-month high of $110.15. The business has a fifty day simple moving average of $84.33 and a 200 day simple moving average of $70.87.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.22. The business had revenue of $467.72 million during the quarter, compared to analyst estimates of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.Cameco’s revenue for the quarter was up 46.7% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Analysts predict that Cameco Corporation will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CCJ shares. Wall Street Zen upgraded Cameco from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. National Bankshares reiterated an “outperform” rating on shares of Cameco in a research note on Friday, August 22nd. President Capital upgraded Cameco from a “neutral” rating to a “buy” rating in a research note on Monday, September 22nd. TD Securities reiterated a “buy” rating on shares of Cameco in a research note on Tuesday, August 5th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Cameco in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Cameco currently has an average rating of “Buy” and a consensus target price of $94.71.

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.