Sentry Investment Management LLC Has $56,000 Stock Position in Cameco Corporation $CCJ

Sentry Investment Management LLC lowered its stake in Cameco Corporation (NYSE:CCJ) (TSE:CCO) by 88.3% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 651 shares of the basic materials company’s stock after selling 4,916 shares during the period. Sentry Investment Management LLC’s holdings in Cameco were worth $56,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Savant Capital LLC increased its position in shares of Cameco by 17.9% during the third quarter. Savant Capital LLC now owns 9,214 shares of the basic materials company’s stock worth $773,000 after acquiring an additional 1,402 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in Cameco by 21.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 29,438 shares of the basic materials company’s stock worth $2,469,000 after purchasing an additional 5,241 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in Cameco by 14.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 14,835 shares of the basic materials company’s stock worth $1,244,000 after purchasing an additional 1,884 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of Cameco by 12.6% in the 3rd quarter. Penserra Capital Management LLC now owns 46,532 shares of the basic materials company’s stock valued at $3,901,000 after purchasing an additional 5,220 shares during the period. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Cameco by 278.3% in the third quarter. Allianz Asset Management GmbH now owns 145,429 shares of the basic materials company’s stock valued at $12,208,000 after purchasing an additional 106,987 shares in the last quarter. Institutional investors and hedge funds own 70.21% of the company’s stock.

Cameco Price Performance

Shares of CCJ opened at $113.66 on Friday. The company has a current ratio of 2.99, a quick ratio of 1.85 and a debt-to-equity ratio of 0.15. The company’s fifty day simple moving average is $103.70 and its 200 day simple moving average is $90.61. Cameco Corporation has a 1-year low of $35.00 and a 1-year high of $135.24. The company has a market cap of $49.49 billion, a price-to-earnings ratio of 132.16 and a beta of 0.99.

Cameco (NYSE:CCJ) (TSE:CCO) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.17). The firm had revenue of $313.74 million during the quarter, compared to analyst estimates of $531.72 million. Cameco had a net margin of 15.24% and a return on equity of 8.58%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.01) EPS. On average, research analysts forecast that Cameco Corporation will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCJ has been the subject of a number of research reports. Glj Research reiterated a “buy” rating and set a $99.74 price objective on shares of Cameco in a report on Wednesday, December 3rd. Zacks Research raised shares of Cameco from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $147.00 price objective on shares of Cameco in a research report on Thursday. UBS Group initiated coverage on shares of Cameco in a report on Monday, November 10th. They set a “neutral” rating and a $140.00 target price for the company. Finally, Wall Street Zen downgraded shares of Cameco from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $131.39.

Cameco 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.