Cameco Co. (NYSE:CCJ) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC reduced its stake in shares of Cameco Co. (NYSE:CCJ) (TSE:CCO) by 0.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 380,969 shares of the basic materials company’s stock after selling 402 shares during the period. Gabelli Funds LLC’s holdings in Cameco were worth $16,504,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Murphy Pohlad Asset Management LLC boosted its holdings in shares of Cameco by 0.3% during the 1st quarter. Murphy Pohlad Asset Management LLC now owns 75,720 shares of the basic materials company’s stock worth $3,280,000 after purchasing an additional 200 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Cameco by 26.0% during the 1st quarter. Lindbrook Capital LLC now owns 1,070 shares of the basic materials company’s stock worth $46,000 after purchasing an additional 221 shares during the last quarter. Meitav Investment House Ltd. boosted its holdings in shares of Cameco by 2.8% during the 4th quarter. Meitav Investment House Ltd. now owns 8,897 shares of the basic materials company’s stock worth $383,000 after purchasing an additional 240 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Cameco by 12.3% in the first quarter. Fifth Third Bancorp now owns 2,290 shares of the basic materials company’s stock valued at $99,000 after acquiring an additional 250 shares during the last quarter. Finally, Highview Capital Management LLC DE lifted its holdings in Cameco by 4.4% in the first quarter. Highview Capital Management LLC DE now owns 5,946 shares of the basic materials company’s stock valued at $258,000 after acquiring an additional 250 shares during the last quarter. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Trading Up 1.4 %

NYSE:CCJ traded up $0.61 during trading hours on Friday, reaching $45.19. 3,115,481 shares of the stock were exchanged, compared to its average volume of 2,980,368. 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 business has a 50-day moving average of $51.30 and a two-hundred day moving average of $47.79. Cameco Co. has a twelve month low of $31.58 and a twelve month high of $56.24. The company has a market capitalization of $19.67 billion, a price-to-earnings ratio of 115.87 and a beta of 0.91.

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

Analyst Ratings Changes

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

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.