Capital Advisors Inc. OK Sells 72,330 Shares of Cameco Corporation $CCJ

Capital Advisors Inc. OK cut its position in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 11.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 576,040 shares of the basic materials company’s stock after selling 72,330 shares during the quarter. Capital Advisors Inc. OK’s holdings in Cameco were worth $52,702,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC increased its position in shares of Cameco by 19.9% during the fourth quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock valued at $62,000 after acquiring an additional 112 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Cameco by 3.1% in the 3rd quarter. International Assets Investment Management LLC now owns 3,938 shares of the basic materials company’s stock worth $330,000 after acquiring an additional 120 shares during the last quarter. Lee Johnson Capital Management LLC lifted its position in Cameco by 1.2% in the 3rd quarter. Lee Johnson Capital Management LLC now owns 10,770 shares of the basic materials company’s stock valued at $903,000 after acquiring an additional 127 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Cameco by 9.4% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,691 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 145 shares during the last quarter. Finally, Delos Wealth Advisors LLC boosted its stake in Cameco by 60.0% during the 3rd quarter. Delos Wealth Advisors LLC now owns 400 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 150 shares during the last quarter. Institutional investors own 70.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CCJ shares. Weiss Ratings upgraded Cameco from a “hold (c)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Canadian Imperial Bank of Commerce increased their price objective on Cameco to $202.00 in a research report on Monday, March 9th. TD Securities downgraded Cameco from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Glj Research reissued a “buy” rating and issued a $171.20 target price (up from $100.00) on shares of Cameco in a research report on Wednesday, February 18th. Finally, Royal Bank Of Canada upped their target price on shares of Cameco from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Twelve research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $150.40.

Cameco Trading Up 5.6%

NYSE:CCJ opened at $108.57 on Wednesday. The company has a market cap of $47.29 billion, a PE ratio of 111.93 and a beta of 0.98. The company has a current ratio of 2.47, a quick ratio of 1.68 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $115.98 and a two-hundred day simple moving average of $100.41. Cameco Corporation has a 12 month low of $35.00 and a 12 month high of $135.24.

Cameco (NYSE:CCJ) (TSE:CCO) last released its quarterly earnings results on Friday, February 13th. The basic materials company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.07. The firm had revenue of $874.57 million for the quarter, compared to analysts’ expectations of $782.13 million. Cameco had a return on equity of 9.35% and a net margin of 17.00%.The company’s revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.36 EPS. Research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current year.

Cameco Company Profile

Cameco Corporation (NYSE: CCJ) is a leading producer of uranium and a supplier to the global nuclear power industry. Headquartered in Saskatoon, Saskatchewan, Canada, the company is engaged in the exploration, mining, milling and sale of uranium concentrate, commonly known as yellowcake, which is used as fuel for nuclear reactors. Cameco also participates in services and activities that support the front end of the nuclear fuel cycle, including processing and marketing of uranium to utilities under long‑term and spot contracts.

The company’s operations have historically centered in Canada and the United States, where it operates and develops uranium mining and processing properties.