D.A. Davidson & CO. reduced its position in shares of Cameco Co. (NYSE:CCJ – Get Rating) (TSE:CCO) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,751 shares of the basic materials company’s stock after selling 4,614 shares during the quarter. D.A. Davidson & CO.’s holdings in Cameco were worth $1,173,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCJ. Confluence Investment Management LLC lifted its stake in Cameco by 2.2% in the 4th quarter. Confluence Investment Management LLC now owns 22,164 shares of the basic materials company’s stock worth $502,000 after purchasing an additional 473 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Cameco by 1.0% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 52,014 shares of the basic materials company’s stock worth $1,179,000 after acquiring an additional 507 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Cameco by 2.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 21,789 shares of the basic materials company’s stock worth $578,000 after purchasing an additional 542 shares during the last quarter. Muhlenkamp & Co. Inc. lifted its position in shares of Cameco by 0.3% during the 3rd quarter. Muhlenkamp & Co. Inc. now owns 162,123 shares of the basic materials company’s stock worth $4,298,000 after purchasing an additional 558 shares during the last quarter. Finally, US Bancorp DE lifted its position in Cameco by 5.9% in the third quarter. US Bancorp DE now owns 10,062 shares of the basic materials company’s stock valued at $267,000 after acquiring an additional 563 shares during the last quarter. 53.82% of the stock is owned by hedge funds and other institutional investors.
Cameco Stock Up 1.4 %
Cameco stock opened at $26.61 on Friday. The company’s 50-day moving average price is $26.04 and its two-hundred day moving average price is $24.97. The stock has a market cap of $11.52 billion, a price-to-earnings ratio of 156.54, a PEG ratio of 0.47 and a beta of 0.94. The company has a current ratio of 5.92, a quick ratio of 4.74 and a debt-to-equity ratio of 0.17. Cameco Co. has a 52 week low of $20.01 and a 52 week high of $31.29.
Analysts Set New Price Targets
CCJ has been the topic of a number of recent research reports. TD Securities upgraded shares of Cameco to a “buy” rating in a research note on Friday, February 10th. StockNews.com raised shares of Cameco to a “sell” rating in a report on Friday, April 21st. Scotiabank increased their price target on shares of Cameco from C$43.00 to C$50.00 in a research note on Friday, February 10th. Finally, Raymond James increased their price objective on shares of Cameco from C$45.00 to C$48.00 in a research report on Friday, February 10th.
About Cameco
Cameco Corp. engages in the provision of uranium. It operates through the Uranium and Fuel Services segments. The Uranium segment is involved in the exploration for, mining, milling, purchase, and sale of uranium concentrate. The Fuel Services segment deals with the refining, conversion, and fabrication of uranium concentrate and the purchase and sale of conversion services.
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