EP Wealth Advisors LLC Cuts Stock Position in Cameco Co. (NYSE:CCJ)

EP Wealth Advisors LLC lowered its holdings in Cameco Co. (NYSE:CCJ) (TSE:CCO) by 3.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,076 shares of the basic materials company’s stock after selling 331 shares during the period. EP Wealth Advisors LLC’s holdings in Cameco were worth $350,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CCJ. Venturi Wealth Management LLC lifted its position in shares of Cameco by 235.3% during the 1st quarter. Venturi Wealth Management LLC now owns 570 shares of the basic materials company’s stock valued at $25,000 after buying an additional 400 shares during the last quarter. Principal Securities Inc. purchased a new position in shares of Cameco during the 4th quarter valued at $29,000. Sandy Spring Bank purchased a new position in shares of Cameco during the 4th quarter valued at $43,000. Lindbrook Capital LLC lifted its position 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 valued at $46,000 after buying an additional 221 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of Cameco by 99.3% during the 1st quarter. Larson Financial Group LLC now owns 1,204 shares of the basic materials company’s stock valued at $52,000 after buying an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 70.21% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cameco Price Performance

NYSE CCJ traded up $0.61 during trading on Friday, reaching $45.19. The company’s stock had a trading volume of 3,115,481 shares, compared to its average volume of 2,980,368. The firm has a fifty day moving average of $51.30 and a 200 day moving average of $47.79. Cameco Co. has a one year low of $31.58 and a one year high of $56.24. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.42 and a quick ratio of 0.69. The stock has a market capitalization of $19.67 billion, a PE ratio of 115.87 and a beta of 0.91.

Cameco (NYSE:CCJ) (TSE:CCO) last posted its quarterly earnings data 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 return on equity of 4.60% and a net margin of 9.28%. The firm had revenue of $470.29 million during the quarter. Analysts expect that Cameco Co. will post 1.12 EPS for the current fiscal year.

Cameco 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.