ING Groep NV Reduces Position in Cameco Corp (NYSE:CCJ)

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ING Groep NV lowered its position in shares of Cameco Corp (NYSE:CCJ) (TSE:CCO) by 37.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 22,085 shares of the basic materials company’s stock after selling 13,000 shares during the period. ING Groep NV’s holdings in Cameco were worth $248,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. grew its position in shares of Cameco by 39.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 6,327,039 shares of the basic materials company’s stock valued at $71,179,000 after buying an additional 1,779,069 shares during the last quarter. Exor Investments UK LLP grew its position in shares of Cameco by 31.7% in the 2nd quarter. Exor Investments UK LLP now owns 5,967,410 shares of the basic materials company’s stock valued at $67,133,000 after buying an additional 1,435,286 shares during the last quarter. CIBC World Markets Inc. grew its position in shares of Cameco by 7.4% in the 1st quarter. CIBC World Markets Inc. now owns 5,116,709 shares of the basic materials company’s stock valued at $46,511,000 after buying an additional 353,761 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Cameco by 71.9% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,809,063 shares of the basic materials company’s stock valued at $42,826,000 after buying an additional 1,593,300 shares during the last quarter. Finally, Toronto Dominion Bank grew its position in shares of Cameco by 101.4% in the 2nd quarter. Toronto Dominion Bank now owns 2,217,695 shares of the basic materials company’s stock valued at $24,693,000 after buying an additional 1,116,361 shares during the last quarter. Institutional investors and hedge funds own 51.18% of the company’s stock.

Shares of Cameco stock remained flat at $$9.67 on Friday. The company had a trading volume of 1,027,376 shares, compared to its average volume of 1,592,175. Cameco Corp has a 52 week low of $7.68 and a 52 week high of $12.19. The company has a current ratio of 6.16, a quick ratio of 3.58 and a debt-to-equity ratio of 0.31. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 80.58 and a beta of 1.05.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its earnings results on Wednesday, July 25th. The basic materials company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). Cameco had a negative net margin of 10.03% and a positive return on equity of 1.61%. The business had revenue of $333.00 million for the quarter, compared to the consensus estimate of $392.80 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was down 29.1% on a year-over-year basis. analysts predict that Cameco Corp will post 0.02 earnings per share for the current fiscal year.

A number of equities research analysts have commented on CCJ shares. Zacks Investment Research lowered Cameco from a “hold” rating to a “sell” rating in a research report on Wednesday, September 5th. TD Securities lowered Cameco from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Royal Bank of Canada lowered Cameco from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, May 22nd. BMO Capital Markets lowered Cameco from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Thursday, July 26th. Finally, TheStreet lowered Cameco from a “c” rating to a “d+” rating in a research report on Monday, July 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.00.

Cameco Company Profile

Cameco Corporation produces and sells uranium worldwide. The company operates through three segments: Uranium, Fuel Services, and NUKEM. The Uranium segment is involved in the exploration for, mining, and milling, as well as purchase and sale of uranium concentrates. Its operating uranium properties include the Cigar Lake property located in Saskatchewan, Canada; the Inkai property situated in Kazakhstan; the Smith Ranch-Highland property located in Wyoming, the United States; and the Crow Butte property situated in Nebraska, the United States.

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Institutional Ownership by Quarter for Cameco (NYSE:CCJ)

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