Bleakley Financial Group LLC Sells 506 Shares of Cameco Co. (NYSE:CCJ)

Bleakley Financial Group LLC decreased its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,109 shares of the basic materials company’s stock after selling 506 shares during the quarter. Bleakley Financial Group LLC’s holdings in Cameco were worth $2,647,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Avantax Advisory Services Inc. raised its position in Cameco by 15.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 32,253 shares of the basic materials company’s stock valued at $1,397,000 after purchasing an additional 4,249 shares during the last quarter. US Bancorp DE raised its position in Cameco by 3.0% in the 1st quarter. US Bancorp DE now owns 26,933 shares of the basic materials company’s stock valued at $1,167,000 after purchasing an additional 773 shares during the last quarter. Legacy Capital Group California Inc. raised its position in Cameco by 35.9% in the 1st quarter. Legacy Capital Group California Inc. now owns 6,827 shares of the basic materials company’s stock valued at $296,000 after purchasing an additional 1,804 shares during the last quarter. Allegheny Financial Group LTD raised its position in Cameco by 31.3% in the 1st quarter. Allegheny Financial Group LTD now owns 14,702 shares of the basic materials company’s stock valued at $637,000 after purchasing an additional 3,506 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of Cameco during the first quarter worth $295,000. Institutional investors own 70.21% of the company’s stock.

Cameco Stock Down 7.6 %

Shares of Cameco stock opened at $47.49 on Thursday. Cameco Co. has a 12 month low of $31.58 and a 12 month high of $56.24. The company has a quick ratio of 0.69, a current ratio of 1.42 and a debt-to-equity ratio of 0.17. The stock has a market cap of $20.66 billion, a PE ratio of 121.76 and a beta of 0.91. The business has a fifty day simple moving average of $51.91 and a 200 day simple moving average of $47.63.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its earnings results on Tuesday, April 30th. The basic materials company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.23). Cameco had a net margin of 9.28% and a return on equity of 4.60%. The business had revenue of $470.29 million during the quarter. Research analysts predict that Cameco Co. will post 1.12 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCJ shares. The Goldman Sachs Group boosted their target price on Cameco from $56.00 to $62.00 and gave the stock a “buy” rating in a research report on Friday, June 7th. StockNews.com downgraded Cameco from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Finally, Bank of America boosted their target price on Cameco from $59.00 to $60.50 and gave the stock a “buy” rating in a research report on Wednesday, June 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $63.70.

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.